please help, requirements 1-5
Topper Sports, Incorporated produces high-quality sports equipment. The company's Racket Division manufactures three tennis rackets-the Standard, the Deluxe, and the Pro-that are widely used in amateur play. Selected information on the rackets is given below: Standard Deluxe PO Selling price per racket $ 55.00 $ 86.00 $ 125.00 Variable expenses per racket $ 33.00 $43.00 5 65.00 Selline (st of selling price) $ 2.75 $4.30 5 6.25 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Ter Month Fixed production cost $ 144,000 Advertising expenne 124.000 Administrative salaries 70.000 Total $ 342,000 Sales, in units, over the past two months have been as follows: Ape May Standard Deluxe 2,000 1.000 3,000 1.000 Pro Total 5.000 3,000 3.000 12.000 Required: 1a. Prepare contribution format income statements for April 1-5. Prepare contribution format income statements for May 3. Compute the Racket Division's break even point in dollar sales for April 4 Will the break even point would 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 $22.400. What would be the effect on net operating income? What would be the effectif Pro racket sales increased by $22.400? 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. Reg 1A Regin Reg Reg Regs Prepare contribution format income statements for April (Round "Total percent answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Standard Deluxe Pro Total Amount Amount Amount 56 Amount Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 3 Req4 Req 5 Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Standard Deluxe Total Amount % Amount % Amount Amount Pro % Variable expenses Total variable expenses Fixed expenses Total fixed expenses s Regia Reg 1B > Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Reg Reg 4 Reg 5 Prepare contribution format income statements for May. (Round Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for May Deluxe Amount % Standard Pro Amount Total Amount % % Amount Variable expenses Total Variable expenses Fixed expenses Total forced expenses ermining your diswel Complete this question by entering your answers in the tabs below. Reg 1 Req 1B Req3 Req4 Reg 5 Compute the Racket Division's 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 Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req3 Reg 4 Reg 5 Whether the break-even point would be higher or lower with May's sales mix than with April's sales mix? Higher Lower determining your Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 3 Req4 Reqs Assume that sales of the Standard racket increase by $22,400. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,400? Do not prepare income statements; use the incremental analysis approach in determining your answer. Standard Pro Effect on Net operating income
