Problem 2-23 (Algo) Sales Mix; Commission Structure; Multiprod uct Break-Even Analysis [LO2-9] 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 $88. and the Deluxe set sells for $103. The variable expenses associated with each set are given below. Standard Balm Variable production costs $ 29.00 $ 44.00 Sales omissions [29% of sales price) $ 25.52 $ 29.37 The company's fixed expenses each month are: Advertising $ 119,000 Depreciation 3 25.900 Administrative $ 70,000 Mary Parsons. the nancial 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, prots for the current monthMayare down substantially from April. Sales, in sets, for the last two months are given below: Standard Deluxe 'iiotal April 5,400 3,400 8,300 May 2,400 6,400 8,000 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-D. Would the break-even point in May be higher or lower than the break-even point in April? Complete this question by enterlng your answers In the tabs below. Req 1A Req 1B Req 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 Total Amount % Amount % Amount % Sales $ 475,200 100% $ 350,200 100 % $ 825,400 100.0 % Variable expenses: Production 156,600 33.0 % 149,600 42.7 % 306,200 37.1 % Sales commission 137,808 29.0 % 101,558 29.0 % 239,366 29.0 % Total variable expenses 294,408 62.0 % 251,158 71.7% 545,566 66.1 % $ 180,792 38.0 % $ 99,042 28.3 % $ 279,834 33.9 % Fixed expenses: Total fixed expenses 0 $ 279,834 Complete this question by entering your answers in the tabs below. Req 1A Req 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