answer all parts from 1-5

Topper Sports, Inc. 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. Standard $.40.ee Deluxe $ 60.ee Pro $90.00 Selling price per racket Variable expenses per racket: Production Selling (5% of selling price) $ 22.ee $ 2.00 $ 27.00 $ 3.00 $31.50 $ 4.50 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 $ 122,eee 102,000 52,080 $ 275,000 Sales, in units, over the past two months have been as follows: April May Standard Deluxe 2.eee 1,000 8, eee 1. eee Pro Total 5,00 8, eee 3,eee 12,000 Reg 1A Reg 18 Reg 3 Reg 4 Reg 5 Total Amount Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Topper Sports, Inc. Income Statement for April Standard Deluxe Pro Amount Amount % Amount Salos 100% 1001% 1001 Variable expenses Production % % Solling 5% 5 % 50% % % % % 100 0 0 5.) 51% 00 0 0 0 5% 95% $ 0 95 % $ 0 $ 100.0 $ 0 95 % Total variable expenses Contribution margin Fixed expenses Production 122 000 Check my work Variable expenses Production Selling % 96 96 5% 5% % 5% % % % 0 0 5% 0 00 5 % 95 % 596 95% 0 0 0 $ 0 $ 95% $ 0 1000 Total variable expenses Contribution margin Fixed expenses Production Advertising Administrative 122.000 102,000 52.000 276,000 Total fixed expenses Net operating income $ (276,000) Req 18> Variable expenses Production Selling R 5% 51% 5% 50 % % % % % 5 % 0 0 0 5.0 Oo 5% (5) 5 (5) $ (5) $ 0 $ $ 0 (50) Total variable expenses Contribution margin Fixed expenses Production Advertising Administrative 122.000 102.000 52.000 Total fixed expenses Net operating income 276.000 $ 276.000) Required: 1-a. Prepare contribution format income statements for April 1-6. 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 $20.200 What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,200? 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 Reg 1B Req3 Req4 Reqs 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 $ 493,739 Req 1B Reg 4 > 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 $20,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,200? 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. Reg 1A Req 1B Req3 Reg 4 Reqs Whether the break-even point would be higher or lower with May's sales mix than with April's sales mix? Higher Lower 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 $20,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20.200? 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. Req1A Reg 13 Req3 Reg 4 Reg 5 Assume that sales of the Standard racket increase by $20,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,200? Do not prepare income statements; use the incremental analysis approach in determining your answer. Standard Pro Effect on Net operating income