Corbex, Inc.. produces cutlery sets out of high-quality wood and steel. The company makes a Standard set and Deluxe set and sells them to retail department stores throughout the country. The Standard set sells for $100, and the Deluxe set sells for $115. The variable expenses associated with each set are given below. Deluxe Variable production costs Sales commissions (35% of sales price) Standard $ 35.ee $ 35.00 $ 48.25 The company's fixed expenses esch month are: Depreciation Administrative $ 27,7ee $ 73, 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: Standard 6, Bee 3, Deluxe 4.000 7. eee Total 10.ee 18, Required: 1-3. 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? Answer is not complete. Complete this question by entering your answers in the tabs below. Red 1A Reg 1B Reg 3A Reg 3B Prepare contribution format income statements for April. (Round your "Percentage" answers to 1 decimal place (i.e. 1234 should be entered as 12.3).) Carbox, Inc. income Statement For April Standard Deluxe Amount Amount 56 Total Amount Variable expenses Total variable expenses 0 0.0 % 0 0 0. 0 0.0 Fixed expenses Total fixed expenses FESTA Req 1B > Corbex, 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 $100, and the Deluxe set sells for $115. The variable expenses associated with each set are given below. Variable production costs Sales commissions (35% of sales price) Standard $ 35.00 $ 35.00 Deluxe $ 50.ee $ 48.25 The company's fixed expenses esch month are: Advertising Depreciation $ $ 27,7ee 73, Bee 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 Standard 6,eee 3, Deluxe 4,0 7. eee Total 12,ese le,eee May Required: 1-a. Prepare contribution format income statements for April. 1-b. Prepare contribution format income statements for May 3-8. 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? Answer is not complete. Complete this question by entering your answers in the tabs below. Rey 1A Reg 1B Rey 3A Req 38 Prepare contribution format income statements for May. (Round your "Percentage answers to 1 decimal place (i.e. .1234 should be entered as 12.3).) Carbex, Inc. Income Statement For May Standard Deluxe % Amount % Total Amount Amount Variable expenses Total variable experises 0 0 0.0 0.0 % % 0 0 0.0 0.0 % % 0 0 0.0 0.0 s Fixed expenses Total fixed expenses S 0 (Req1A ReqSA > Corbex, 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 $100, and the Deluxe set sells for $115. The variable expenses associated with each set are given below. Variable production costs Sales commissions (35% of sales price) Standard $ 35.00 $ 35.02 Deluxe $ 58.82 $48.25 The company's fixed expenses esch month are: Advertising Depreciation Administrative $ 125, eee $ 27,200 $ 73, 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-ore down substantially from April. Sales, in sets, for the last two months are given below: April Standard 6,eee 3.ee Deluxe 4,000 7. Bee Total 10,000 10,eee Required: 1-. Prepare contribution format income statements for April. 1-b. Prepare contribution format income statements for May. 3-8. 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? Answer is not complete. Complete this question by entering your answers in the tabs below. Reg LA Req 10 Rey 3A Reg 3 Compute the break-even point in dollar sales for April (Round intermediate percentage calculations to 1 decimal place and Tiral answer to the nearest whole dollar. Break even point in dollar ( Req 1B Req SB >
