Case 1, Part 1 Saved Help Save & Exit Submit Check my work 1 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: 80 points eBook Standard Deluxe Pro Selling price per racket $ 70.ee $ 106.00 $ 160.ee Variable expenses per racket: Production $42.00 $ 53.00 $ 64.00 Selling (5% of selling price) $ 3.50 $ $ 5.38 $ 8.ee All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: : Print References Fixed production costs Advertising expense Administrative salaries Total Per Month $ 158,000 138, eee 88, eee $384.ee Sales, in units, over the past two months have been as follows: April May Standard 2, see 8. eee Deluxe 1, see 1, eee Pro 5, eee 3, see Total 8, eee 12,eee 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 $23,800. What would be the effect on net operating Income? What would be the effect if Pro racket sales increased by $23,800? Do not prepare Income statements, use the Incremental analysis approach in determining your