HELP! ONLY WORK ON PART 2 & 3 BUT USE 1 AS A REFRENCE

Topper Sports, Incorporated, produces high-quality sports equipment, The company's Rackef Division manufactures three tennis. rackets - the Standard, the Deluxe, and the Pro-that are widely vsed in amater play Selected information on the mackets is given below: Ali sales are made through the company's own retail outiets. The Racket Division has the following fred costs: Sales, in units, over the past two months have been as follows: Required: 1a. Prepare contribution format income staternents for Aprit 16. Prepare contribution format income statements for Moy. 3. Compute the Racket Division's break- even point in dollar sales for Apell. 4. Would the break-even point be higher or fower with May's sales mik than with April's sales mix? 5. Assume that sales of the Standard racket increase by $21,000. What wortd be the effect on net operating income? What would be the effectif Pro racket sales increased by \$21,000? Do not prepare income statements: use the incrementat analysts approsch in determining your answer. Connect and is worth 80 points. Make sure to print your werk in your final attempt so you can ase the data for your Report in Part 2 (othenwise confact jour instractor for help). 2. Part 2: Analyze Topper Sports Inc. operations for the period and stummarize your conclusions and recommendations in a formal report addressed to the Chief Financial Officer of the company. This part of the case assignment that is accessible from Blackboard/Coment area/Case Ifolder is worth 20 points. Address the following questions in your analysis: 1. Comment on each product's variable expense and contribution margin natios ( 3 points): 2. Elaborate how the sales volume of each product affects the net operating income for the company as a whole ( 3 points): 3. Identify the product that will be most advantageous to sell at the highest possible volumes in order to maximize the company's profits and why you think so ( 4 points). 4. List several strategies that you foresee as potentially viable for improving the company's profits: analyze possible changes in sales volumes and various variable or fixed costs leading to increases in profits ( 10 points). Some examples of strategies may include (make sure to expand your analysis beyond these examples): o Increase advertising to increase the popularity of the product; o Decrease advertising to eliminate some of the expenses if the product(s) is/are perceived as widely popular; - Use higher quality materials to increase the appeal of the product; o. Use lower-quality materials to decrease the cost of the product; Reorganize compensation structure such as: - Implementing a comprehensive commission structure to incentivize salespeople to make more snles, or - Replacing commission with a fixed salary compensation structure to limit the increase in variable cost with increases in sales; o Increase selling price to maximize revenues with flat sales volume; o Decrease selling price to incentivize an increase in sales volume. Please support your recommendations with dollar values and/or calculations of the financial implications of the recommended strategies. Prepare your report in a word document and attach it to the third item in BlackboardV Content area/Case / folder. 1. Pant 1: Provide caleulations and answers to all requirements as stated in the Case I assignment accessible from BlackboardiConient area/Cose / folder. This part of the case assignment is bosted on Connect and is worth 80 points. Make sure to print your work in jour fanal allempt so you can isse the dafa for year Report in Part 2 fothervise contact jowr listructor for help) 2. Part 2: Analyze Topper Sports Inc, operations for the period and summarize your conelusions and recommendations in a formal ropott addtesed to the Chief Financial Officer of the company. This part of the case assignment that is aceessible from Blackboard/Content arcalCare I folder is worth 20 poisis. Address the followieg questloes in your analysis: 1. Comment on each product's variable expease and contribution maryin ratios (3 polats): 2. Flaborate how the sales wolume of each product affects the set operating income for the compary as a whole ( 3 points). 3. Identify the product that will be most advantageous to sell at the hiflest possible volumes in order to maximize the company's profits and why you think so ( 4 paints). 4. List sevenal strategies that you fortsee as potentally viable for improving the company's profies: analyze posible changes in sales volumes and various variable or fixed costs leading: to increases in profits ( 10 polnts) Some examples of Atrategies may include (make sure to expand your analysis beyond these examplea) o Increase advertising to increase the popalanty of the product: o. Decrease advertising to eliminate socise of the expenses if the product(s) is are parceived as widely poputar: o. Use higher quality auaterials to increase the appeal of the pioduct: o Use lower-quality anaterials to decrease the cost of the product; o. Reorganize compensation structure such as: - finpteasenting a comprebeinfive conanisibo structure to incentivize saleipeople to make nore sales, or - Replacing commission with a fixed salary compensaton structure to limit the increase in variable cost with increases in sales; o facrease selling price to maximize revenues with flat sales volune. o. Decrease selling price to incentivize an increase in sales volume. Please suppert yeur recomasendations with dellar values auder calculations of the financial implications of the recomiaraded strategies