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 $40.00 Deluxe $ 60.00 Pro $ 90.00 $ 22.00 $ 2.00 $ 27.00 $ 3.00 s 31.50 $ 4.50 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Fixed production costs Administrative salaries Advertising expense. Total Per Month $122,000. 102,000 52,000 $ 276,000 Sales, in units, over the past two months have been as follows: April May Standard 2,000 8,000 Deluxe, Pro 1,000 5,000 8,000 1,000 3,000 12,000. Total 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 $20,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,200? Do not prepare income statements; use the incremental analysis approach in determining your answer. Variable expenses: Total variable expenses Fixed expenses: Total fixed expenses Standard Amount Topper Sports, Incorporated Income Statement for April Deluxe % Amount Pro Total % Amount % Amount % Req 1A Req 1B > Prepare contribution format income statements for May. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Variable expenses: Total variable expenses Fixed expenses: Total fixed expenses Income Statement for May Standard Deluxe Pro Total Amount Amount % Amount % Amount % Assume that sales of the Standard racket increase by $20,250. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,200? Do not prepare income statements; use the incremental analysis approach in determining your answer. Standard Pro Effect on Net operating income < Req 4 Req 5 >