Standard Deluxe Pro Selling price per racket $ 65.09 $ 190.09 $ 145.89 Variable expenses per racket: Production $ 39.09 $ 42.80 $ 58.08 Selling (5% of selling price) $ 3.25 $ 5.09 $ 7.25 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Per Month Fixed production costs $ 150, 098 Advertising expense Administrative salaries Total $ 360,090 Sales, In units, over the past two months have been as follows: Standard Deluxe Pro Total April 2, 090 5,909 8,909 May 1, 090 12, 090Topper Sports, Incorporated Income Statement for May Standard Deluxe Pro Total Amount Amount Amount Amount Sales 520,000 3 100,000 435,000 1,055,000 Variable expenses: Production 312,000 42,000 174,000 528,000 Selling 26,000 5 5,000 21,750 52,750 Total variable expenses 338,000 47,000 195,750 580.750 0.0 Contribution margin 182,000 (5) $ 53,000 239,250 474.250 D.0 Fixed expenses: Production 150,000 Advertising 130,000 Administrative 80.000 Total fixed expenses 360,000 Net operating income 114.250