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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

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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 $68, and the Deluxe set sells for $83. The variable expenses associated with each set are given below. Standard Deluxe Variable production costs $ 19.00 $ 34.00 Sales commissions (197 of sales price) $ 12.92 $15.77 The company's fixed expenses each month are: Advertising Depreciation Administrative $ 109,000 $ 22,900 $ 65,000 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: Check my work 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: April May Standard 4,400 1,400 Deluxe 2,400 Total 6,800 6,800 5,400 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? Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg Reg 3B Dronare contribution format income statemente for Anril /ind nur "Darrentano" aneware tn 1 Horimal nace la 1724 cha Prepare contribution format income statements for April. (Round your "Percentage" answers to 1 decimal place (i.e. as 12.3).) Carbex, Inc. Income Statement For April Standard Deluxe Amount % Amount % % Total Amount % % % Variable expenses: es % % % % % % % % % % % % Total variable expenses % % % % % % Fixed expenses Total faced expenses Req 18 > 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. 3-6. Would the break-even point in May be higher or lower than the break-even point in April? Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req Red 38 Would the break-even point in May be higher or lower than the break-even point in April? Higher O Lower

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