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Req 1A and 1B please help Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis rackets--the Standard, the Deluxe, and
Req 1A and 1B please help
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 Pro Selling price per racket 55.00 16:00 5 125.00 Variable expenses pex rackets Production 133.00 41.00 # 45.00 Selling tot welling price) 16.25 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Per Month Pred production costo $ 140,000 Advertising expense 124.000 Administrative salaries 74,000 Total 142.000 Sales, in units over the past two months have been as follows April MAY tandard Deluxe 2,000 1.000 1.000 1.000 FO 5.000 1,000 Total 3.000 12,000 Required: 1-a. Prepare contribution format income statements for April 1-b. 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 effectir Pro racket sales increased by $22.4007 Do not prepare income statements, use the incremental analysis approach in determining your answer Answer is not complete Complete this question by entering your answers in the tabs below. Red 1A Regin Req Req Reg Prepare contribution format income statements for April (Round "Total percent answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req Req4 Req5 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 % Amount Sales $ 110,000 100$ 36,000 1003 625.000 100S 821,000 Variable expenses Production 66,000 60 43,000 50 225,000 36 334,000 Sales 5,500 5 4,300 5 31.250 5 41,050 100 S 40.7 5.0 + Total variable expenses 65 47.300 41 71,500 $ 38,500 55 45 256,250 $368,750 375,050 $ 445,950 45.7 54.3 35 $ 38,700 59 Fixed expenses Totalfixed expenses 0 $445,950 Reena Reg 10 > 1 Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 3 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 Amount Pro Amount Total Amount % Variable expenses 0 Total variable expenses o 0 0 0 0.0 ola Oo 0 0 s 0 IS 0 0 $ 0.0 Fixed expenses Totalfixed expenses 0 0 Step by Step Solution
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