Topper Sports, Inc.. 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 $ 60.00 Deluxe $90.00 pro $190.00 Selling price per racket Variable expenses per racket Production Selling (5% of selling price) $36.00 $ 3.00 $ 45.00 $ 4.50 $36.00 33.00 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 $ 136,000 116,000 66,000 $ 310,000 Sales, in units, over the past two months have been as follows: April May Standard Deluxe 2.000 1,000 8.000 1,000 Pro Total 5,000 8,000 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 the hope alturale ich with Malamuth som Prepare contribution format income statements for April (Round "Total percent answers to 1 decimal place) Topper Sports, Inc Income Statement for April Deluxe Amount % % 9 Standard Amount % Pro Total Amount Amount Variable expenses 196 % % % 96 90 % % 9 % % 9 28 Total variable expenses % % Foed expenses Totalfixed expenses Prepare contribution format income statements for May (Round Total percent answers to 1 decimal place) Standard Amount Topper Sports, Inc. Income Statement for May Deluxe Amount Pro Total Amount % Amount Variable expenses 9 56 % 9 % Total Vibe expenses 90 Food expenses Totxod expenses Required: 1-a. 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 $21,600. What would be the effect on net operating income? What would the effectif Pro racket sales increased by $21600? 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 Reg 18 Reg 3 Reg 4 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.evin point in dollar sales Required: 1a. 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 $21600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21.600? 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. Reg 1A Reg 10 Reg 3 Reg 4 Real Assume that sales of the Standard racket increase by $21,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,6007 Do not prepare income statements, use the incremental analysis approach in determining your answer. Standard Pro Effect on Net operating income