- 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: ints Standard Deluxe Pro Selling price per racket $ 65.00 $ 100.00 $ 145.00 Variable expenses per racket: Production $ 39.00 $ 42.00 $ 58.00 Selling (5% of selling price) $ 3.25 $ 5.00 $ 7.25 eBook All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Per Month Print Fixed production costs $ 150, 000 Advertising expense 130, 000 Administrative salaries 80, 000 in Total $ 360, 000 References Sales, in units, over the past two months have been as follows: Standard Deluxe Pro Total April 2, 000 1, 000 5,000 8, 000 May 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 $23,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $23,000? 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. Grav Prev 1 of 1 Next > Hill @ 2 A 5 6 O W E R U O S D G H K C BComplete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3 Req 4 Reg 5 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 Variable expenses: Production Selling Total variable expenses 0 0 o 0 0 0 0.0 Contribution margin $ o $ O o s 0 0.0 Fixed expenses: Production Advertising Administrative Total fixed expenses Gray Prev 1 of 1 Next > Hill @ # % 3 4 5 6 8 O N W E R T U O D G H K B NComplete this question by entering your answers in the tabs below. Req 1A Req 1EX Reg 3 Req 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 Standard Deluxe Pro Total Amount % Amount % Amount % Amount % Variable expenses Total variable expenses O 0 0 0 0.0 $ O o $ o S o $ 0.0 Fixed expenses: Total fixed expenses MC Prev 1 of 1 Next > Q @ 7 N 4 6 8 O W E R Y U O S D G H K V NApril 2, 000 1, 000 5, 000 8, 000 May 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 $23,000. What would be the effect on net operating income? What would be the effectif Pro racket sales increased by $23,000? Do not prepare income statements; use the incremental analysis approach in determining your answer. X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Real Req 4 Req 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 Req 1B Req 4 > Hill Prev 1 of 1 Next > @ 5 V O W R T Y U O D G H K C V NApril 2,000 1,000 5,000 8,000 May 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 $23,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $23,000? Do not prepare income statements; use the incremental analysis approach in determining your answer. x Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 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 Mc Graw Prev 1 of 1 Next > Hill Q @ % A 5 6 8 Q W E R T Y U O S D G H K C V B N MApril 2, 000 1, 000 5,000 8,000 May 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 $23,000. What would be the effect on net operating income? What would be the effectif Pro racket sales increased by $23,000? Do not prepare income statements; use the incremental analysis approach in determining your answer. x Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 3 Reg 4 Req 5 Assume that sales of the Standard racket increase by $23,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $23,000? Do not prepare income statements; use the incremental analysis approach in determining your answer. Standard Pro Effect on Net operating income Mc Graw Prev 1 of 1 Next > Hill MacBook @ % & A 5 6 8 Q W E R T Y U O S D G H K C B N