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 Deluxe $ 45.00 $ 70.00 Pro $100.00 Selling price per racket Variable expenses per racket: Production Selling (58 of selling price) $ 27.00 $ 2.25 $ 35.00 $36.00 $ 5.00 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 Per Month $ 140,000 120,000 70,000 $ 330,000 Total Sales, in units, over the past two months have been as follows: Total April May Standard Deluxe Pro 2,000 1,000 5,000 8,000 8,000 1,000 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. 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 $22,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,000? 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. Req IA Reg 1B Req3 Reg 4 Reg 5 Prepare contribution format income statements for April (Round "Total percent" answers to 1 decimal place) Topper Sports, Inc. Income Statement for April Deluxe Pro Total Standard Amount % Amount % Amount % Amount % % % % % Variable expenses: % % % % % % % % % % % % % % 1% 9 Total variable expenses 0 0 0 % 0 0 0 0.0 0 0 0 % $ 0 0 % 0 0 % $ 0 0 0.0 Fixed expenses: Total fixed expenses 0 0 Reg 1A Reg 1B > 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: Pro $100.00 Selling price per racket Variable expenses per racket: Production Selling (54 of selling price) Standard Deluxe $ 45.00 $ 70.00 $ 27.00 $ 35.00 $ 2.25 $ 3.50 $36.00 $ 5.00 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 $ 140,000 120,000 70,000 $ 330,000 Sales, in units, over the past two months have been follows: April May Standard Deluxe Pro Total 2,000 1,000 5,000 8,000 8,000 1,000 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. 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 $22,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,000? 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 1B Req3 Reg 4 Reg 5 5 Prepare contribution format income statements for May. (Round "Total percent" answers to 1 decimal place) Topper Sports, Inc. Income Statement for May Deluxe Amount % Total Standard Amount Pro % Amount Amount % % % Variable expenses: % % 94 % 9 % % % % % % % % % % Total variable expenses 0 0 0 % 0 0 % 0 0 % 0 0.0 % % $ 0 0 % $ 0 0 0 % 0 0 % 0 0.0 Fixed expenses Totalfixed expenses 0 0 ket Sales ieded by me Statements, use we clemental dialysis app determining your answer. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Req3 Req 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-even point in dollar sales Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Req3 Req 4 Req 5 Whether the break-even point would be higher or lower with May's sales mix than with April's sales mix? Higher Lower the effect if Pro racket sales increased by $22,000? 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. Req IA Reg 1B Req3 Req 4 Req 5 Assume that sales of the Standard racket increase by $22,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,000? Do not prepare income statements; use the incremental analysis approach in determining your answer. Standard Pro Effect on Net operating income