2- A privately owned summer camp for youngsters has the following data for a 12-week session: 15 Charge per camper $480 per week Fixed costs $192,000 per session Variable cost per camper $320 per week Сарасity 200 campers (a) Develop the mathematical relationships for total cost and total revenue. (b) What is the total number of campers that will allow the camp to just break even? (c) What is the profit or loss for the 12-week session if the camp operates at 80% capacity? (d) What are marginal and average costs per camper at 80% capacity? (e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points con for such a policy. (F) Also Dray a Cost curve g raph thut Plots numor, Visscas of vessas Cost aw Viisus Attendaes Revenue, and 1. Indetify the breenk even Point

2- A privately owned summer camp for youngsters has the following data for a 12-week session: 15 Charge per camper $480 per week Fixed costs $192,000 per session Variable cost per camper $320 per week Сарасity 200 campers (a) Develop the mathematical relationships for total cost and total revenue. (b) What is the total number of campers that will allow the camp to just break even? (c) What is the profit or loss for the 12-week session if the camp operates at 80% capacity? (d) What are marginal and average costs per camper at 80% capacity? (e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points con for such a policy. (F) Also Dray a Cost curve g raph thut Plots numor, Visscas of vessas Cost aw Viisus Attendaes Revenue, and 1. Indetify the breenk even Point

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 15E: Ethical Behavior Consider the following scenario between Dave, a printer, and Steve, an assistant in...

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3) A privately-owned summer camp for youngsters has the following data for a 12-week session: $480 week Charge per camper: Fixed costs: $192,000 per session Variable cost per camper: Capacity: 200 campers a) Develop the mathematical relationships for total cost and total revenue. b) What is the total number of campers that will allow the camp to just breakeven? c) What if the profit or loss for the 12-week session if the camp operates at 80% сараcity? d) What are the marginal and average costs per camper at 80% capacity? e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points cons for such a policy. f) Draw cash flow diagram for this problem. per $320 per week
:A privately owned summer camp for youngsters has the following data for a 15-weeksession Charge per camper $100 per week Fixed costs $45,000 per session Variable cost per camper $60 per week Capacity 220 campers Develop the mathematical relationships for total cost and total revenue (a) What is the total number of campers that will allow the camp to just break even (b) ?What is the profit or loss for the 12-week session if the camp operates at 80% capacity (c)
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1) Margin at the Kiosk You rent a kiosk in the mall for $300 a month and use it to sell T-shirts with college logos from colleges and universities all over the world. You sell each T-shirt for $25, and your cost for each shirt is $15. You also pay your salesperson a commission of $0.50 per T-shirt sold in addition to a salary of $400 per month. Construct a contribution margin income statement for two different months: in one month, assume 100 T-shirts are sold, and in the other, assume 200 T-shirts are sold.
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Janice Huffman has decided to start Rundle Cleaning, a residential housecleaning service company. She is able to rent cleaning equipment at a cost of $760 per month. Labor costs are expected to be $90 per house cleaned and supplies are expected to cost $6 per house. Required a. Determine the total expected cost of equipment rental and the average expected cost of equipment rental per house cleaned, assuming that Rundle Cleaning cleans 20, 30, or 40 houses during one month. Is the cost of equipment a fixed or a variable cost? b. Determine the total expected cost of labor and the average expected cost of labor per house cleaned, assuming that Rundle Cleaning cleans 20, 30, or 40 houses during one month. Is the cost of labor a fixed or a variable cost? c. Determine the total expected cost of supplies and the average expected cost of supplies per house cleaned, assuming that Rundle Cleaning cleans 20, 30, or 40 houses during one month. Is the cost of supplies a fixed or a variable cost? d.…
Janice Huffman has decided to start Rundle Cleaning, a residential housecleaning service company. She is able to rent cleaning equipment at a cost of $760 per month. Labor costs are expected to be $90 per house cleaned and supplies are expected to cost $6 per house. Required a. Determine the total expected cost of equipment rental and the average expected cost of equipment rental per house cleaned, assuming that Rundle Cleaning cleans 20, 30, or 40 houses during one month. Is the cost of equipment a fixed or a variable cost? b. Determine the total expected cost of labor and the average expected cost of labor per house cleaned, assuming that Rundle Cleaning cleans 20, 30, or 40 houses during one month. Is the cost of labor a fixed or a variable cost? c. Determine the total expected cost of supplies and the average expected cost of supplies per house cleaned, assuming that Rundle Cleaning cleans 20, 30, or 40 houses during one month. Is the cost of supplies a fixed or a variable cost? d.…