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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 expenses associated with each set are given below. Standard set sells for $96, and the Deluxe set sells for S1m1. The variable Variable production costs Sales commissions (33% of sales price) 33.0 48.e 31.68 36.63 The company's fixed expenses each month are: Advertising Depreciation Administrative S 123,000 S 27,180 $ 72,08e Mary Parsons, the finencial 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 substantially from April. Sales, in sets, for the last two months are given below April May Standand Deluxe Total 5,8003,880 9,600 2,8806,8009,680 Required 1-a. Prepare contribution format income statements for April 1-b. Prepare contribution formet 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. Rea 1A Req 18 Req 3A Rea 3B Prepare contribution format income statements for April. (Round your Percentage" answers to 1 decimal place Q.e. 1234 should be entered as 12.3).)

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