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: Selling price per racket Variable expenses per rackets Production Selling (5 of selling price) 55.00 $96.00 Pro $125.00 $33.00 $2.75 $43.00 $4.30 45.00 $6.25 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Pised productice costs Administrative salaries Advertising expe Total Per Month 146,000 126,000 76,000 $348,000 Sales, in units, over the past two months have been as follows April May Standard Deluxe 2.000 1,000 5,000 8,000 1,000 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. 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 $22,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22.600? Do not prepare income statements; use the incremental analysis approach in determining your answer. Complete this question by entering your answers in the tabs below. Req 18 Reg3 Reg 4 Prepare contribution format income statements for April. (Round "Total percent answers to 1 decimal place) Variable expenses Total variable expenses Fixed expense Tal feed expenses Topper Sports, Incorporated Income Statement for April Standard Del Pro Total Amount N Amount % Amount % Amount % 0.0 0$ 0 00 A Req 18> 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 Selling price per racket Variable expenses per racket Production Selling (54 of selling price) Standard $55.00 Del Pen $86.00 125.00 $33.00 $2.75 $43.00 $4.30 $45.00 $4.25 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs Fixed production costs Advertising expe Administrative salaries Per Month $146,000 126,000 76,000 Total Sales, in units, over the past two months have been as follows: April Standard Deluxe Tre Total 3,000 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 $22,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22.600? Do not prepare income statements; use the incremental analysis approachin determining your answer Complete this question by entering your answers in the tabs below. Aeg 1A Req 10 Reg 4 Rea 5 Prepare contribution format income statements for May. (Round "Total percent answers to 1 decimal place) Vanable expenses Topper Sports, Incorporated Income Statement for May Standard Deluxe Pre Total Amount N Amount % Amount Amount T Total variable expe 0 00 0 0 $ 00 Total Sed expens Req3> 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: Selling price per racket Variable expenses per rackets Production Selling (5% of selling price) Standard Deluxe Fro $55.00 $86.00 $125.00 $33.00 $2.75 $43.00 $ 4.30 $45.00 $6.25 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Fixed production costs Administrative salaries Per Month $146,000 126,000 Advertising expense Total 76,000 $340,000 Sales, in units, over the past two months have been as follows: April May Required: Standard Deluxe Pro Total 2,000 1,000 5,000 8,000 8,000 1,000 3,000 12,000 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 $22,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,600? 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. Req 1A Req 18 Req 3 Req 4 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 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. Selling price per racket Standard Deluxe $55.00 $86.00 Pro $125.00 $33.00 $2.75 $43.00 $4.30 $45.00 Variable expenses per rackets Production Selling (5% of selling price) $ 6.25 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 $146,000 126,000 76,000 $348,000 Sales, in units, over the past two months have been as follows: April May Required: Standard Deluxe Pro Total 2,000 1,000 5,000 ,000 ,000 1,000 3,000 12,000 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 $22,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,600? 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. Req 1A Req 18 Req 4 Req 5 Assume that sales of the Standard racket increase by $22,600. What would be the effect on net operating income? what would be the effect if Pro racket sales increased by $22,600? Do not prepare income statements; use the incremental analysis approach in determining your answer. Effect on Net operating income Standard 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: Selling price per racket Variable expenses per racket: Production Selling (5% of selling price) Standard $ 55.00 Deluxe $ 86.00 Pro $ 125.00 $33.00 $2.75 $ 43.00 $ 4.30 $ 45.00 $ 6.25 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 $146,000 126,000 76,000 $348,000 Sales, in units, over the past two months have been as follows: April May Required: Deluxe Pro Standard 2,000 1,000 5,000 8,000 1,000 3,000 Total 8,000 12,000 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 $22,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,600? Do not prepare income statements; use the incremental analysis approach in determining your