Question
Caden Topper operates Caden's Cricket Farm in Albany, Georgia. Caden's raises about 18 million crickets a month. Most are sold to pet stores at
Caden Topper operates Caden's Cricket Farm in Albany, Georgia. Caden's raises about 18 million crickets a month. Most are sold to pet stores at $12.80 for a box of 1,000 crickets. Pet stores sell the crickets for $0.05 to $0.10 each as live feed for reptiles. i (Click on the icon to view additional information.) (Click the icon to view the production cost report-Part 1.) (Click the icon to view the production cost report-Parts 2/3.) Read the requirements. Requirement 1. What is the cost per box of crickets sold? (Hint: This is the cost of the boxes completed and shipped out of brooding.) First, identify the labels to compute the average cost per box transferred out, then compute the average cost per box shipped out of brooding. (Enter your answer to the nearest cent.) Requirement 2. What is the gross profit per box? Average cost per box First, identify the labels to compute the gross profit per box, then compute the gross profit per box. (Enter all dollar amounts to the nearest cent.) Requirement 3. How much operating income did Caden's Cricket Farm make in June? First, identify the labels to compute the operating income, then compute the operating income for June. Gross profit per box Operating income Requirement 4. What is the return on Topper's investment of $460,000 for the month of June? (Compute this as June's operating income divided by Topper's investment, expressed as a percentage.) (Round the return on investment to the nearest hundredth of a percent, XXX%.) Submit quiz
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started