Carbex, Inc. produces Cutlery sets out of high-quality wood and steel. The company makes a Standard set and a Deluxe set and sells them to retail department stores throughout the country. The Standard set sells for $90, and the Deluxe set sells for $105. The variable expenses associated with each set are given below. Carbex, Inc. Income Statement For May Standard Deluxe Amount * Amount % Total % Amount Variable production costs Sales comissions (S0% of sales price) Standard $ 30.00 $ 27.00 Deluxe $ 45.00 $31.50 Variable expenses The company's fixed expenses each month are: Advertising Depreciation Total variable expenses Mary Parsons, the financial vice president, watches sales commissions carefully and has noted that they have risen steadily over the last year. For this reason, she was shocked to find that even though sales have increased, profits for the current month-May-are down substantially from April, Sales, in sets, for the last two months are given below 0.0% 0.0 % 0 0 0.0 % 0.0 % $ 0 0.0 % $ 0 $ Total Fixed expenses: Standard 5.500 2.500 Deluxe 5 8500 Required: 1-a. Prepare contribution format income statements for April 1-b. Prepare contribution format income statements for May 3-a. Compute the break-even point in dollar sales for April 3-b. Would the break-even point in May be higher or lower than the break-even point in April? Total foed expenses Reg 1A Reg 1B Reg 3A Reg 3B Compute the 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 Carbex, Inc. Income Statement For April Standard Deluxe Amount % Amount % Total Amount % Reg 1A Reg 1B Reg 3 Reg 38 Sales Would the break-even point in May be higher or lower than the break-even point in April? Variable expenses Production Sales commission Higher Lower 0.0 % 0.0 % 0.0 % 0.0% 0 0 0.0 0.0 Total variable expenses Contribution margin Fored expenses: Advertising Depreciation Administrative Total fixed expenses