Homework: 5 of 5 (0 complete) Score: 0 of 5 pts E16-30 (book/static) Jack Bibby is a prospector in the Texas Panhandle. He has also been running a side business for the past couple of years. (Click the icon to view the side business information.) At the end of the recent season, Jack Bibby evaluated his financial results: (Click the icon to view the financial results.) (Click the icon to view additional cost information) Read the requirements Requirement 1. Should Jack Bibby drop rattles from his product offerings? Support your answer with computations. Begin by calculating the incremental profit from selling rattles. (If a box is not used in the table leave the box empty, do not select a label or enter a zero. Costs: Incremental profit from selling rattles ed in the table leave the box empty do not select a label or enter a zero.) - * More Info Based on the popularity of shows such as "Rattlesnake Nation, there has been a surge of interest from professionals and amateurs to visit the northern counties of Texas to capture snakes in the wild. Jack has set himself up as a purchaser of these captured snakes. Jack purchases rattlesnakes in good condition from "snake hunters" for an average of $11 per snake. Jack produces canned snake meat, cured skins, and souvenir rattles, although he views snake meat as his primary product Print Done upport your answer with computations. X - i Data Table Meats Skins Rattles Total Sales revenues $ 8,800 $ 2,200 $ Share of snake cost 5,280 1,320 33,000 $ 19,800 6,600 4,400 44,000 26,400 8,250 5,500 Processing expenses 660 990 660 440 Allocated overhead $ 2,200 $ 1,870 $ (220) $ 3,850 Income (loss) Print Done i Requirements 1. 2. Should Jack Bibby drop rattles from his product offerings? Support your answer with computations. An old miner has offered to buy every rattle "as is" for $0.60 per rattle (note: "as is" refers to the situation where Jack only removes the rattle from the snake and no processing costs are incurred). Assume that Jack expects to process the same number of snakes each season. Should he sell rattles to the miner? Support your answer with computations. Print Done