Carter Park operates Carter's Cricket Farm in Canton, Georgia. Carter's raises about 18 million crickets a month. Most are sold to pet stores at $9.12 for a box of 1,000 crickets, Pet stores sell the crickets for $0.05 to $0.10 each as live feed for reptiles. (Click on the icon to view additional information.) Click the icon (Click the icons Read the requirem 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 ycl + Average cost per box Requirement 2. What is the gross profit 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.) Gross profit per box Requirement 3. How much operating income did Carter's Cricket Farm make in June? First, identify the labels to compute the operating income, then compute the operating income for June. Operating income Requirement & What is the return on Park's investment of $400,000 for the month of June? (Compule this as June's operating income divided by Park's investment expressed as a percentage) (und them on invent to the hundredth of a percent, XX0%) The tum on Park's investment of $400,000 for the month of Ju Requirement 5. What monthly operating income would provide 24% monthly rate of retum? What price per box would Carter's Oricke First identify the labels to compute the desired monthly operating income, then computat had to charge in June to achieve this target monthly of? Identify the labels to compute the selling price per box needed to achieve a 2.4% monthly rate of retum en compute the amount Data table 1 2 9 A Carter's Cricket Farm-Brooding Department Month Ended June 30 Production Cost Report (part 1 of 3) B Step 1: E Step 2: Equivalent Units Conversion in Materials Costs Flow of Physical Transferred- Direct Units 3 Flow of Production 4 Units to account for: 5 Beginning work in process, June 1 2,000 6 Plus: Transferred in during June 39,000 7 Total physical units to account for 41,000 bun 8 Units accounted for: 9 Completed and shipped out during June 36,000 36,000 36,000 36,000 10 #2 10 Plus: Ending work in process, June 30 5,000 5,000 4,000 1,500 thly r 11 Total physical units accounted for 41,000 12 Total equivalent units 41,000 40,000 37,500 1 A Carter's Cricket Farm-Brooding Department B C D E Month Ended June 30 Transferred- Direct Conversion 2 Production Cost Report (part 2 of 3) in Materials Costs Total 3 Beginning work in process, June 1 $ 13,000 $ 43,000 $ 9,375 $ 65,375 4 Plus: Costs added during June 50,550 171,000 57,000 278,550 5 Total costs to account for $ 63,550 $ 214,000 $ 66,375 $ 343,925 6 Divided by: Total equivalent units 41,000 40,000 37,500) 7 Cost per equivalent unit $ 1.55 $ 5.35 $ 1.77 A B C D E d the 1 Carter's Cricket Farm-Brooding Department Month Ended June 30 Transferred- Direct Conversion 2 Production Cost Report (part 3 of 3) in Materials Costs Total rate c 3 Assignment of total cost: 4 Completed and transferred out: 10 5 Equivalent units completed and transferred out 36,000 36,000 36,000 6 Multiplied by: Cost per equivalent unit 1.55 $ 5.35 $ 1.77