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) Pro Standard $ 65.00 Deluxe $100.00 $ 145.00 $39.00 $3.25 $42.00 $5.00 $ 58.00 $7.25 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 $150,000 130,000 80,000 $360,000 Sales, in units, over the past two months have been as follows: April May Standard 2,000 ,000 Deluxe 1,000 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. 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 answare inte April May Standard Deluxe 2,000 1,000 8,000 1,000 Pro 5,000 Total 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 $23,000. What would be the effect on net ope the effect if Pro racket sales increased by $23,000? Do not prepare income statements; use the increr determining your answer. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3 Req 4 Req 5 Compute the Racket Division's break-even point in dollar sales for April. (Round intermediate percentage cal decimal place and final answer to the nearest whole dollar.) Break-even point in dollar sales April May Standard Deluxe 2,000 1,000 Pro Total 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 $23,000. What would be the effect on net opera the effect if Pro racket sales increased by $23,000? Do not prepare income statements; use the incremer determining your answer. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 3 Req 4 Req 5 Assume that sales of the Standard racket increase by $23,000. What would be the effect on net operating incor would be the effect if Pro racket sales increased by $23,000? Do not prepare income statements; use the increr approach in determining your answer. Standard Pro Effect on Net operating income < Req 4 Req 5