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 $ 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 Advertising expense Administrative salaries Per Month $ 124,000 104,000 54,000 Total $ 282,000 Sales, in units, over the past two months have been as follows: April May Standard 2,000 Deluxe Pro Total 1,000 5,000 8,000 8,000 1,000 3,000 12,000 Required: 1-8. Prepare contribution format income statements for April. 1-b. Prepare contribution format income statements for May Compute the Declict Division's breaks auen noint in dollar cales for Anal 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. Would the break-even point 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 $20,400. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,400? Do not prepare income statements; use the incremental analysis approach in determining your answer. Variable expenses Topper Sports, Incorporated Income Statement for April Standard Deluxe Pro Total Amount % Amount % Amount % Amount Total variable expenses 0 0 0 0 0 0 0 0.0 $ 0 0 $ 0 0 S 0 0 $ 0 0.0 Fixed expenses: Total fixed expenses $ OO Variable expenses Total variable expenses Fixed expenses: Total fixed expenses Topper Sports, Incorporated Income Statement for May Standard Deluxe Amount % Amount % Amount Pro Total % Amount 0 0 0 0 0 0 $ 0 0 $ 0 0 $ 0 0 $ 00 0 0 0.0 0.0