Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three te

[answerhappygod]

Topper Sports Incorporated Produces High Quality Sports Equipment The Company S Racket Division Manufactures Three Te 1 (32.93 KiB) Viewed 17 times

Topper Sports Incorporated Produces High Quality Sports Equipment The Company S Racket Division Manufactures Three Te 2 (48.84 KiB) Viewed 17 times

Topper Sports Incorporated Produces High Quality Sports Equipment The Company S Racket Division Manufactures Three Te 3 (42.73 KiB) Viewed 17 times

Topper Sports Incorporated Produces High Quality Sports Equipment The Company S Racket Division Manufactures Three Te 4 (30.03 KiB) Viewed 17 times

Topper Sports Incorporated Produces High Quality Sports Equipment The Company S Racket Division Manufactures Three Te 5 (33.37 KiB) Viewed 17 times

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: Standard $ 45.00 Per Month $ 140,000 120,000 70,000 Total $ 330,000 Sales, in units, over the past two months have been as follows: Standard 2,000 8,000 Fixed production costs Advertising expense Administrative salaries Production $ 27.00 $ 2.25 Selling (5% of selling price) $ 35.00 $ 3.50 $36.00 $5.00 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: April May Deluxe Pro 1,000 5,000 8,000 1,000 3,000 12,000 Deluxe $ 70.00 Total Pro $ 100.00 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 $22,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,000? Do not prepare income statements; use the incremental analysis approach in determining your answer.

Req 1A Req 18 Sales Variable expenses: Total variable expenses Fixed expenses: Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Deluxe Req 3 Total fixed expenses Req 4 Amount $ Standard 0 0 % Req 5 Amount 0 0 $ 0 0 Reg 1A % 0 0 $ Amount Pro 0 0 Req 1B > % 0 0 $ $ Total Amount 0 0 0 0 % 0.0 0.0

Req 1A Req 18 Variable expenses: Total variable expenses Fixed expenses: Prepare contribution format income statements for May. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for May Deluxe Req 3 Total fixed expenses Req 4 Amount $ Standard 0 0 % Req 5 0 0 Amount $ 0 0 < Req 1A % Amount 0 0$ Pro 0 0 Req 3 > % 0 0 $ S Total Amount 0 0 0 0 % 0.0 0.0

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 $22,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,000? 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 Reg 18 Req 3 Reg 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 < Req 1B Req 4 >

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 $22,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,000? 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 3 Req 4 Req 5 Assume that sales of the Standard racket increase by $22,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,000? Do not prepare income statements; use the incremental analysis approach in determining your answer. Req 1A Req 18 Effect on Net operating income Standard < Req 4 Pro Reg 5 >