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Please answer all of the following required questions based on the images provided Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures
Please answer all of the following required questions based on the images provided
Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis racketsthe Standard, the Deluxe, and the Prothat are widely used in amateur play. Selectee information on the rackets is given below: Selling price per racket Variable expenses per racket: Production Selling (5% of selling price) Standard $ se.ee $ 28.ee $ 2.50 Deluxe S 75.ee $ 33.08 $ 3.75 $ lee. ea $ 35.ee S 5.ee All sales are made through the company's own retail outlets The Racket Division has the following fixed costs: Fixed production costs Advertising expense Administrative salaries Total Per Month S 13e,eea eea se, eea $ se,eea Sales, in units, over the past two months have been as follows: April May Required: Standard 2, eea 8, eee Deluxe 1, ee 1, eae Total s, eee 8, eee 3, eee 12, eee I-a. Prepare contribution format income statements for April. I-b. Prepare contribution format income statements for May. 3. Compute the Racket Division's break-even point in dollar sales for April. 4. Would the break-even point 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 $21,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,000? Do not prepare income statements; use the incremental analysis approach in determining your answer. Complete this question by entering your answers in the tabs below. Req 1B Req IA Req 3 Req 4 Req S Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) opper Sports, Incorporate Income Statement for April Standard Amnnnf Deluxe Amount Pro _Amnunt Total Amr. I' nt
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