Answer Happy

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: Fixed production costs Advertising expense Administrative salaries Total Production $53.00 Selling (5% of selling price) $5.30 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: April May Standard Deluxe 1,000 1,000 Standard $ 70.00 Per Month $ 158,000 138,000 88,000 $384,000 Sales, in units, over the past two months have been as follows: 2,000 8,000 $42.00 $3.50 Deluxe $106.00 Pro Total 5,000 8,000 3,000 12,000 Pro $160.00 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. $64.00 $ 8.00 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 $23,800. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $23,800? 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 Sales Variable expenses: Production Selling Req 1B Prepare contribution format income statements for May. (Round "Total percent" answers to 1 decimal place) Ma Total variable expenses Contribution margin Fixed expenses: Production Purchases Advertising Administrative Total fixed expenses M ✔ ✓ X Req 3 C $ Standard Amount Req 4 560,000✔ 336,000 28,000 364,000 $ 196,000 Topper Sports, Incorporated Income Statement for May Deluxe 100 Req 5 60✓✔ 5 65 35 Amount $ 106,000 53,000 5,300 58,300 $ 47,700 % Amount 100 $ 480,000 ✓ 50 5 555 Pro 45 192,000✔ 24,000 216,000 $264,000 Amount 100 $ 1,146,000 40 5 45 55 Total $ 581,000 57,300 638,300 507,700 156,000 X 136,000 X 86,000 378,000 % 100 50.0 X 5.0 55.0 45.0
April May 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. 2,000 1,000 8,000 1,000 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 $23,800. What would be the effect on net operating income? What would the effect if Pro racket sales increased by $23,800? Do not prepare income statements; use the incremental analysis approach in determining your answer. Req 1A Whether Complete this question by entering your answers in the tabs below. Highe Lower 5,000 8,000 3,000 12,000 Reg 1B Req 3 Answer is not complete. Reg¹4 Req 5 reak-even point would be higher or lower with May's sales mix than with April's sales mix? < Req 3 Req 5 >
Case 1, Part 1 i 80 points Mc Graw Hill 1 7 April May h U E Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2,000 1,000 5.000 8,000 1,000 3. 3,000 Reg 1A 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 $23,800. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $23,800? Do not prepare income statements; use the incremental analysis approach in determining your answer. Reg 18 Complete this question by entering your answers in the tabs below. Effect on Net operating income 20 Reg Roq 3 FR 8,000 12,000 dun 265 ezto.mheducation.com M Question 1- Case 1, Part 1-Connect Assume that sales of the Standard racket increase by $23,800. What would be the effect on net operating Income? What would be the effect if Pro racket sales increased by $23,8002 De not prepare income statements; use the incremental analysis approach in determining your answer. $ Reg 4 Answer is not complete. < Reg 4 Standard 8.330 3 Saved Ang S Pro 13.090 Prey 6 LE 1 of 1 MacBook Air Help Next) Save & Exit Submit Return to question C
April May 2,000 8,000 Req 1A 1.000 1,000 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 $23,800. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $23,800? Do not prepare income statements; use the incremental analysis approach in determining your answer. Req 1B Complete this question by entering your answers 5,000 8,000 12,000 3,000 Req 3 $ Answer is not complete. Req 4 748,392 < Compute the Racket Division's break-e in dollar sales for pril. (Round Intermediate percentage calculations to 1 decimal place and final answer to the nearest whole dollar.) Break-even point in dollar sales the tabs below. Req 18 Req 5 Req 4 > fredes
Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Deluxe Sales Variable expenses: Production Selling Total variable expenses Contribution margin Fixed expenses: Total fixed expenses Net operating income M ✔ Standard Amount $ 140,000 $ 84,000 7,000 91,000 49,000 koj 100✔ 60 50 WOR 65 35 Amount IS 106,000 53,000 5,300 58,300 $ 47,700 100 $ 50 5 55 45 $ Amount Pro 800,000 320,000 40,000 360,000 440,000 Req 18 > 40 5 100 $ 1,046,000✔ 45 55 $ Total $ Amount 457,000✔ 43.0 X 52,3005 5.0 509,300 536,700 156,000 X 136,000 x 86,000 100 378,000 158,700 48.0 52.0