11 Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis rackets--the Standard, the Deluxe, and the Pro--that are widely used in amateur play. Selected information on the rackets is given below: 0.4 oints 8 02:34.25 Standard Deluxe Pro Selling price per racket $ 60.00 $ 90.00 $ 100.00 Variable expenses per racket: Production $ 16.00 $ 45.00 $36.00 Selling (51 of selling price) $ 3.00 $ 4.50 $5.00 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: eBook Fixed production costa Advertising expense Administrative salaries Total Per Month $ 136,000 116,000 66,000 $ 318,000 Sales, in units, over the past two months have been as follows: April May Standard Deluxe 2,000 1.000 8,000 1,000 Pro 5,000 3,000 Total B,000 12,000 Required: 1-a. Prepare contribution format Income statements for April 1-b. Prepare contribution format income statements for May. 3. Compute the Racket Division's break-even point in dollar sales for April. 4. Will the break-even point would be higher or lower with May's sales mix than with April's sales mix? 5. Assume that sales of the Standard racket increase by $21,600. What would be the effect on net operating income? What would b the effect if Pro racket sales increased by $21,600? Do not prepare income statements; use the incremental analysis approach in Prepare contribution format Income statements for April (Round Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Deluxe % Amount % Pro Total Standard Amount Amount % Amount % Variable exponses: Total variable expenses Fixed expenses Total fixed expenses Topper Sports, Incorporated Income Statement for May Deluxe % Amount % Standard Pro Total Amount Amount Amount % Variable expenses Total variable expenses Fixed expenses Total fixed expenses Required: 1-a. Prepare contribution format income statements for April 1-b. Prepare contribution format income statements for May 3. Compute the Racket Division's break-even point in dollar sales for April 4. Will the break-even point would be higher or lower with May's sales mix than with April's sales mix? 5. Assume that sales of the Standard racket increase by $21,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,600? Do not prepare income statements; use the incremental analysis approach in determining your answer. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req3 Reg 4 Reg 5 Assume that sales of the Standard racket increase by $21,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,600? Do not prepare income statements; use the incremental analysis approach in determining your answer. Standard Pro Effect on Net operating income