PLEASE FILL QUESTIONS AS ASKED IN QUEESTION NOT IN PARAGRAH FORM

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. ( a box is not used in the table leave the box empty, do not select a label or enter a zero.) Sales revenue Allocated overhead Processing expenses Snake cost Sales revenue 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 fir Read the requirements Requirements 1. Requirement 1. Should Jack B 2. or enter a zero.) Begin by calculating the increm 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 Sales revenue Costs: Processing expenses Print Done Incremental profit from selling Requirement 1. Should Jack Bibby drop rattles from his product offerings? Support your ans Begin by calculating the incremental profit from selling rattles. (If a box is not used in the table Sales revenue Allocated overhead Processing expenses Snake cost Sales revenue Texas Panhandle. He has also been running a side business for the past couple of years. de business information.) Jack Bibby evaluated his financial results: banglal results Aclick the icon to view.additional cost information - X 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 More info > The cost of snakes is assigned to each product line using the relative sales value of meat, skins, and rattles (i.e., the percentage of total sales generated by each product). Processing expenses are directly traced to each product line. Overhead costs represent Jack's basic living expense! These are allocated to each product line on the basis of processing expenses. Jack has a philosophy of every product line paying for itself and is determined to cut his losses on rattles. Print Done Data table - - X Meats Skins Rattles Total Sales revenues $ 33,000 $ 8,800 $ 2,200 $ 44,000 Share of snake cost 19,800 5,280 1,320 26,400 Processing expenses 6,600 4,400 660 Allocated overhead 990 660 8,250 5,500 440 Income (loss) $ 2,200 $ 1,870 $ (220) $ 3,850 Print Done