Camp Rainbow offers overnight summer camp programs for children ages 10-14 every

Question

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. date up to 10 children, and one camp counselor is The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can a 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 Cost to Run am $11,460 8,660 14,270 12,090 14,370 11,930 14,150 13,590 Number of Week Campers 140 90 174 154 178 132 172 190 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.) Fixed Cost Variable Cost per Child 5. Using the high-low method results, calculate the camp's expected operating cost if 95 children attend a session. (Round your intermediate calculations and final answer to 2 decimal places.) Expected Cost

Explanation / Answer

1) Variable cost per child = Change in cost/Change in no of child

= (13590-8660)/(190-90)

Variable cost per child = 49.30 per child

Fixed cost = 13590-(190*49.3) = $4223

5) Expected cost = (95*49.30+4223) = $8906.50

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