1) Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $171 to attend the camp for a week | ||
Selling price | $171.00 | |
Less: Variable cost per unit | $ 72.72 | |
Contribution Margin per unit | $98.28 | Per Camper |
Contribution Margin Ratio = $98.28/$171 | 57.47% | |
2) | ||
Camp Rainbow | ||
Contribution Margin Income Statement | ||
For Possible 9th Week | ||
Sales Revenue (122 x $171) | $20,862.00 | |
Less: Variable Costs (122 x $72.72) | $ 8,871.84 | |
Contribution Margin (122 x $98.28) | $11,990.16 | |
Less: Fixed Cost | $ 980.24 | |
Net operating Income | $11,009.92 | |
3) | ||
Yes, Rainbow should add the 9th week to its schedule because it will generate income for the camp. |
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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...
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...
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...
Required information (The following information applies to the questions displayed below.] 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...
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...
E5-13 Preparing Contribution Margin Income Statement [LO 5-5] 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...
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...
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...
UtoSaveUFF U DUCuller View Share ert Draw Design Layout References Mailings Calibri (Bo... 12 A A Aa A. BIUab , X APA C Review v Styles Styles Pane Dictate ALL 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...
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...