Topper Sports, Incorporated Income Statement for April Standard Deluxe Pro Total Amount Amount Amount Amount Sales 130,000 3 100,000 S 725,000 S 955,000 Variable expenses: Production 78,000 42,000 290,000 410,000 Selling 6,500 5 5,000 36,250 47.750 Total variable expenses 24.500 5 47.000 326,250 457.750 0.0 Contribution margin 45,500 (5) 5 53,000 398,750 S 407.250 0.0 Fixed expenses: Production 150,000 Advertising 130,000 Administrative 80,000 Total fixed expenses 360,000 Net operating income S 137,250Standard 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, 090