-S Requirea information E5-13, E5-14 and E5-16 [LO 5-2, 5-3, 5-4, 5-5] [The following information applies to the questions displayed below.] Camp Rainbow offers overnight summer camp programs for children ages 10 to 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: Number of Cost to Run Campers Camp $ 8,050 90 118 8,460 156 Week 1 2 3 4 5 6 7 8 174 188 184 170 156 10,900 11,100 Required 4 Required 5 Fixed cost Variable cost per child 13,685 14,300 12,325 11,270 E5-13 (Static) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2, 5-3] 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 170 children attend a session. Complete this question by entering your answers in the tabs below. View previous attempt Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child. Note: Round your intermediate calculations and "Variable cost per unit" to 2 decimal places. Required 4 Required 5 >
-S Requirea information E5-13, E5-14 and E5-16 [LO 5-2, 5-3, 5-4, 5-5] [The following information applies to the questions displayed below.] Camp Rainbow offers overnight summer camp programs for children ages 10 to 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: Number of Cost to Run Campers Camp $ 8,050 90 118 8,460 156 Week 1 2 3 4 5 6 7 8 174 188 184 170 156 10,900 11,100 Required 4 Required 5 Fixed cost Variable cost per child 13,685 14,300 12,325 11,270 E5-13 (Static) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2, 5-3] 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 170 children attend a session. Complete this question by entering your answers in the tabs below. View previous attempt Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child. Note: Round your intermediate calculations and "Variable cost per unit" to 2 decimal places. Required 4 Required 5 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![es
Requirea information
E5-13, E5-14 and E5-16 [LO 5-2,5-3,5-4, 5-5]
[The following information applies to the questions displayed below.]
Camp Rainbow offers overnight summer camp programs for children ages 10 to 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:
Number of Cost to Run
Campers
Camp
90
118
156
174
188
184
Week
12345678
170
156
$ 8,050
8,460
10,900
11, 100
13,685
14,300
12,325
11,270
E5-13 (Static) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2, 5-3]
Required 4 Required 5
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 170 children attend a session.
Complete this question by entering your answers in the tabs below.
Fixed cost
Variable cost per child
View previous attempt
Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child.
Note: Round your intermediate calculations and "Variable cost per unit" to 2 decimal places.
Required 4
Required 5 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fece9fcc4-2577-4cca-9d7d-242bb92cc585%2F628e74dd-dafe-4589-8f01-100e5c0db471%2F3m8qqxi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:es
Requirea information
E5-13, E5-14 and E5-16 [LO 5-2,5-3,5-4, 5-5]
[The following information applies to the questions displayed below.]
Camp Rainbow offers overnight summer camp programs for children ages 10 to 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:
Number of Cost to Run
Campers
Camp
90
118
156
174
188
184
Week
12345678
170
156
$ 8,050
8,460
10,900
11, 100
13,685
14,300
12,325
11,270
E5-13 (Static) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2, 5-3]
Required 4 Required 5
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 170 children attend a session.
Complete this question by entering your answers in the tabs below.
Fixed cost
Variable cost per child
View previous attempt
Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child.
Note: Round your intermediate calculations and "Variable cost per unit" to 2 decimal places.
Required 4
Required 5 >
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