Homework: Chapter 16 Homework Question 17, E16-30 (si... Part 1 of 4 John Bain 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, John Bain 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 John Bain 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 ze Costs Incremental profit from selling rattles Question 17, E16-30 (si... Part 1 of 4 HW Score: 59.5 O Points: 0 0 a side business for the past couple of years. to view additional cost information.) . upport your answer with computations 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. John has set himself up as a purchaser of these captured snakes. John purchases rattlesnakes in good condition from "snake hunters" for an average of $9 per snake. John produces canned snake meat, cured skins, and souvenir rattles, although he views snake meat as his primary product Print Done de business for the past couple of years. View additional cost information) prt your answer with computations - X Data table Meats Skins Rattles Total Sales revenues $ 6,800 $ 1,700 S 1,170 4,680 Share of snake cost Processing expenses 25,500 $ 17,550 3,570 3,500 34,000 23,400 5,100 5,000 510 500 1,020 1,000 Allocated overhead $ 880 $ 1,110 $ (1,490) $ 500 Income (loss) Print Done ults he icon to view additional cost information.) ngs? Support your answer with computations. Kis not Requirements 1. 2. Should John Bain drop rattles from his product offerings? Support your answer with computations. An old miner has offered to buy every rattle "as is" for $0 28 per rattle (note "as is" refers to the situation where John only removes the rattle from the snake and no processing costs are incurred). Assume that John expects to process the same number of snakes each season. Should he sell rattles to the miner? Support your answer with computations. Print Done elp Question 17, E16-30 (si... Part 1 of 4 HW Score: 59.93%, O Points: 0 of 1 ng a side business for the past couple of years. on to view additional cost information.) Support your answer with computations lot - More info The cost of snakes is assigned to each product line using the relative sales value of meat, skins, and rattles (ie the percentage of total sales generated by each product) Processing expenses are directly traced to each product line Overhead costs represent John's basic living expenses. These are allocated to each product line on the basis of processing expenses. John has a philosophy of every product line paying for itself and is determined to cut his losses on rattles Print Done