confused pls explain

Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis racketsthe Standard, the Deluxe, and the Pro-that are widely used in amateur play. Selected information on the rackets is given below: Standard $ 70,00 Deluxe $ 106.00 Pro $ 160.00 Selling price per racket Variable expenses per racket: Production Selling (5% of selling price) bok $ 42.00 $ 3.50 $ 53.00 $ 530 $ 64.00 $ 8.00 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: ences Fixed production costs Advertising expense Administrative salaries Total Per Month $ 156,000 136,000 86,000 $ 378,000 Sales, in units, over the past two months have been as follows: April Standard 2,000 8,000 Deluxe 1,000 1,000 Pro 5,988 3,080 Total 8,000 12,000 May Required: 1-a. Prepare contribution format income statements for April. 1-b. Prepare contribution format income statements for May. Req 1A Req 1B Req 3 Req 4 Reg 5 Prepare contribution format income statements for April. (Round "Total percent answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Deluxe Standard Pro Total Amount % Amount % Amount % Amount % Sales $ 140,000 100 $106.000 100 $ 800,000 100 $ 1,046,000 100 es Variable expenses: 60 50 320 000 40 43.7 Production Selling 84,000 7,000 53,000 5,300 457,000 52,300 5 5 40,000 5 5.0 91,000 Total variable expenses 65 48.7 45 55 58,300 360 000 509,300 $ 35 49,000 45 $ 47.700 $ 440,000 51.3 55 $ 536.700 Contribution margin Fixed expenses Advertising Production Administrative 0 Total fixed expenses $ 536.700 Net operating income Prey 1 of 1 Next Topper Sports, Incorporated Income Statement for May Deluxe Standard Pro Total Amount % Amount % Amount % Amount % Sales $ 560,000 100 $ 106,000 100 $ 480,000 100 $ 1,146,000 100 -S Variable expenses 60 50 192,000 40 Production Selling 336,000 28,000 53,000 5,300 581,000 57,300 50.7 5.0 5 5 24,000 5 364,000 Total variable expenses 65 58,300 55 216.000 45 638,300 55.7 LO 12 $ 196,000 35 $ 47,700 45 $ 264.000 55 44.3 $ 507,700 Contribution margin Fixed expenses. Advertising Production Administrative 0 Total fixed expenses $ 507,700 Net operating income