Camp Rainbow offers overnight summer camp programs for children ages 1014 every summer during June...
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Camp Rainbow offers overnight summer camp programs for children ages 1014 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: Week 1 2 3 4 5 6 7 8 Number of Campers 102 124 150 180 178 186 112 96 Cost to Run Camp $8,880 9,550 11,330 13,820 14,150 13,900 9,270 8,230 Required: 4. Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child. (Round your intermediate calculations and final answer to 2 decimal places.) Answer is complete but not entirely correct. Fixed Cost $ 1,298.00 X Variable Cost per Child 72.20 5. Using the high-low method results, calculate the camp's expected operating cost if 140 children attend a session. (Round your intermediate calculations and final answer to 2 decimal places.)
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