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 $ 60.00 Deluxe $ 90.00 Pro $ 100.00 $ 36.00 $ 45.00 $36.00 $ 3.00 $ 4.50 $ 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 $132,000 112,000 62,000 $ 306,000 Sales, in units, over the past two months have been as follows: April May Standard Deluxe Pro Total 2,000 8,000 1,000 1,000 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 $21,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,200? Do not prepare income statements; use the incremental analysis approach in determining your answer. 11 Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April -Book Variable expenses Total variable expenses Fixed expenses: Total fixed expenses Standard Deluxe Pro Total Amount % Amount % Amount % Amount % RP Check my work Req I Keq 3 Prepare contribution format income statements for May. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for May Variable expenses: Total variable expenses Fixed expenses: Total fixed expenses Standard Deluxe Pro Total Amount % Amount % Amount % Amount % April May Required: Standard Deluxe Pro Total 2,000 1,000 8,000 1,000 5,000 8,000 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 $21,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,200? 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 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 Standard Deluxe Pro Total April May 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 $21,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,200? 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 Req 5 Whether the break-even point would be higher or lower with May's sales mix than with April's sales mix? OHigher OLower < Req 3 Req 5 > 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 $21,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,200? 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 Req 5 Assume that sales of the Standard racket increase by $21,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,200? Do not prepare income statements; use the incremental analysis approach in determining your answer. Effect on Net operating income Standard Pro 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 $ 60.00 Deluxe $ 90.00 Pro $ 100.00 $ 36.00 $ 3.00 $ 45.00 $ 4.50 $ 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 $ 132,000 112,000 62,000 $306,000 Sales, in units, over the past two months have been as follows: April May Standard Deluxe Pro 2,000 1,000 5,000 8,000. 1,000 3,000 Total 8,000 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 $21,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,200? Do not prepare income statements; use the incremental analysis approach in determining your