Question

Document es Mailings Review View Required information Camp Rainbow offers overnight summer camp programs for children ages 10-14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd-numbered weeks and girls attend during the even-numbered weeks. While at the camp, participants make crafts, participate in various sports, help care for the camp's resident animals, have cookouts and hayrides, and help assemble toys for local underprivileged children. The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on-site regardless of the number of campers enrolled Following is the cost information for Camp Rainbow's operations last summer: 8830 WeekNumber of CampersCost to Run Camp $8,630 140 11,740 108 9,400 118 9,010 100 8.610 8.680 120 90 124 9.590 Required: 4. Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child. 5. Using the high-low method results, calculate the camp's expected operating cost if 90 children attend a session. Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child. (Round your intermediate calculations and "Variable Cost per unit to 2 decimal places.) Fored Cost Variable Cost per Child Using the high-low method results, calculate the camp's expected operating cost if 90 children attend a session. (Round your intermediate calculations and final answer to 2 decimal places Expected Cost

Answer 1

1.

SUMMARY OUTPUT
Regression Statistics
Multiple R	0.863309
R Square	0.745303
Adjusted R Square	0.702853
Standard Error	570.2718
Observations	8
ANOVA
	df	SS	MS	F	Significance F
Regression	1	5709828	5709828	17.55736	0.005748
Residual	6	1951260	325210
Total	7	7661088
	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%	Lower 95.0%	Upper 95.0%
Intercept	3333.563	1440.782	2.313719	0.059963	-191.903	6859.029	-191.903	6859.029
Number of Campers	53.49161	12.76604	4.19015	0.005748	22.25424	84.72897	22.25424	84.72897

Intercept = $3333.57
X Variable = $53.49

2.
Total Cost = $3333.57 + $53.49 x Number of Campers

3.
Total cost for 90 children = $3333.57 + $53.49 x 90 = $8147.67

4.
Variable Cost per camper = ($11740-8680)/(140-90) = $61.20 per camper
Fixed Cost = $11740 - 140 x 61.20 = $3172

5.
Total Cost for 90 children = $3172 + $61.20 x 90 = $8680

As per HOMEWORKLIB RULES, we are suppose to answer 4 parts, i have answered 5, so kindly post other parts separately