FYI: the tables are different for the month of April and May. Thank you and please help!
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 $92, and the Deluxe set sells for $107. The variable expenses associated with each set are given below. 9.09 points Variable produetion costs Sales commissions (316 of sales price) Standard $ 31.00 $ 28.52 Deluxe $ 46.00 $ 33.17 eBook The company's fixed expenses each month are: Advertising Depreciation Administrative $ 121,000 $ 26,500 $ 71,000 References 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 5,600 2,600 3,600 6,600 9.200 9,200 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 abs below. Reg 1A Reg 1B Reg 3A Req 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).) Carbex, Inc. Income Statement For April Standard Deluxe Amount % Amount % Total Amount % % Cost of goods sold Variable expenses 1% % Total variable expenses Contribution margin Fixed expenses 0.0 % 0.0 % 0 0 0.0% 0.01% 0 0 S 0.0 % 0.0 % $ $ Total fred expenses Reg 18 > Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Reg 3A Reg 3B 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 % Amount % Total % Amount Variable expenses Total variable expenses 0.01% 0 0 0 0 .0% .0 % 5 0 0 $ 0.0 % 0.0 % $ 0 0.0 % Fixed expenses Total expenses ROGIA Red BA > 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. Req1A Reg 1B Req 3A Req 3B Compute the break-even point in dollar sales for April (Round Intermediate percentage calculations to 1 decimal place and final answer to the nearest whole dollar.) Break-even point in dollar sales
