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) Pro Standard $ 45.00 Deluxe $ 70.00 $ 100.00 $ 27.00 $ 35.00 $ 36.00 $ 2.25 $ 3.50 $ 5.00 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Fixed production costs Advertising expense Administrative salaries Total Per Month $ 138,000 118,000 68,000 $324,000 Sales, in units, over the past two months have been as follows: April May Standard 2,000 8,000 Deluxe Pro 1,000 5,000 1,000 3,000 Total 8,000 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. Would the break-even point 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 $21,800. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,800? Do not prepare income statements; use the incremental analysis approach in determining your answer. Complete thie nuectinn hu antarinn unur aneware in the tahe hainw 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 Variable expenses: Standard Deluxe Pro Total Amount % Amount % Amount % Amount % Total variable expenses 0 0 0 0 0 0 0 0.0 $ 0 0 $ 0 0 $ 0 0 $ 0 0.0 Fixed expenses: Total fixed expenses 0 $ 0 Reg 18 > Req 1A Req 1B Req 3 Req 4 Req 5 Prepare contribution format income statements for May. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for May Variable expenses: Standard Deluxe Pro Total Amount % Amount % Amount % Amount % Total variable expenses 0 0 0 0 0 0 0 0.0 $ 0 0 $ 0 0 $ 0 0 $ 0 0.0 Fixed expenses: Total fixed expenses 0 $ 0 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. Would the break-even point 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 $21,800. What would be the effect on net operating income? What the effect if Pro racket sales increased by $21,800? Do not prepare income statements; use the incremental analysis approa determining your answer. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3 Req 4 Req 5 Compute the Racket Division's break-even point in dollar sales for April. (Round intermediate percentage calculations to 1 decimal place and final answer to the nearest whole dollar.) Break-even point in dollar sales < Req 18 Req 4 > Req 1A Req 1B Req 3 Req 4 Req 5 Would the break-even point be higher or lower with May's sales mix than with April's sales mix? Higher OLower < Req 3 Req 5 > Req 1A Req 18 Req 3 Req 4 Req 5 Assume that sales of the Standard racket increase by $21,800. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,800? Do not prepare income statements; use the incremental analysis approach in determining your answer. Effect on Net operating income Standard Pro