4 10 points eBook Problem 5-28 (Algo) Sales Mix; Multiproduct Break-Even Analysis [LO5-9] 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: Selling price per racket Variable expenses per racket: Production Selling (5% of selling price) Standard $ 55.00 Deluxe Pro $ 86.00 $ 125.00 $ 33.00 $2.75 $ 43.00 $ 4.30 $ 45.00 $ 6.25 Print All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Fixed production costs References Advertising expense Administrative salaries Total Per Month $ 148,000 128,000 78,000 $ 354,000 Sales, in units, over the past two months have been as follows: April May Required: Standard 2,000 Deluxe Pro 1,000 8,000 1,000 Total 5,000 8,000 3,000 12,000 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 $22,800. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,800? Do not prepare income statements; use the incremental analysis approach in determining your answer. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 3 Req 4 Req 5 Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Standard Deluxe Pro Total Amount % Amount % Amount % Amount % $ 128,000 100 Variable expenses: 60 5 Total variable expenses 0 65 0 0 0 0 0.0 $ 128,000 35 $ 0 0 $ $ 0 0.0 Fixed expenses: Total fixed expenses Req 1A Req 1B > 0 $