80.2K

Verified Solution

Link Copied!

4 10 points Skipped Topper Sports, Inc. produces high-quality sports the consoles rackets-the Standard, the Demande proced See on the racket is given below Standard Deluxe Pro Selling price per racket $40.00 50.00 50.00 Variable expenses per racket: Production 522.00 $27.00 $31.50 Selling (54 of selling price) $ 2.05 3.5 4.50 clock Reference All sales are made through the company's Theologos Per Moth Fixed production $124.000 costs Advertising expense 104.000 Administrative salaries 54.00 Total 5282,00 Sales, in units over the past two months have been solo Standard Deluxe Pro Total April 2,000 1,00 5,000 8,000 May 8.000 1.000 3.600 12.000 Required 1. Prepare contribution format comes for Art 1. Prepare contribution format income statements for My 2. Compute the Racket Division's break even point in dollars for 4. W the break even point would be higher or with Myang 5. Assume that sales of the Standard racket in by 520,400. What would be the effect one come What would be the other racket sales increased by 5704007 De notre come state the incremental analysis approach in seting your Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Reg Reg4 Reg 5 Prepare contribution format income statements for April (Round Tocal percent answers to 1 decimal place) Topper Sport, the Income mentor Aan standard Den Pro Total Amount Amount Amount % Variable expenses S S Total variable expenses 0 O 0 OS OS OS ONS 5 D o O ON O O 00 Bols 0 5 Fixed expenses To find expenses 0 0 Reg 10 > avec 4 10 points Skipped Topper Sports, Inc. produces high quality sports The company's action and actors mackets-the Standard, the Del, and the that are widely Seeds the rackets is given below Standard Deluxe Pro Selling price per racket 340.00 560.0 390.00 Variable expenses per racket: Production $22.00 $27.00 31.50 Selling (5 of selling price) $ 2.00 $ 3.00 4.50 eBook Reference Miles are made tough the company's own routes. The action has the following fast Per Month Fixed production costs 3124.00 Advertising expense 164,000 Administrative salaries 54,000 Total $283,000 Sales, in units over the past two months have been as follows: Standard Deluxe Pro Total April 2,000 1,000 5,000 8,00 May 8.000 1.000 1.000 12.000 Required: a Prepare contribution for income statements for Art 1- Prepare contribution format income statements for May 3. Compute the Rachat Division's break even point in dollar sale for And 4. W the break even point would be higher or lower with Mey sales mis tun with April's sales me 5. Assume that sales of the Standard care increase by 520,400. What would be the chectomet operating income? What would be the effectif Pro rachet sales increased by $20.400? Do not prepare income statements use the incremental analysis approach in determining your answe Complete this question by entering your answers in the tabs below. Req IA Reg 1B Req Frung Reg 5 Prepare contribution format income statements for May. (Round Total percent answers to 1 decimal place) Topper Sport, Inc Income Statement for May Standard Deluxe Pro Total Amour Amount Amount Amount % % Variable expenses 158 1 % IS IN % % Total variable expenses 0 % 0 0% 0 ol 0.01 $ 0 OSS o ONES o OS 0.01% Fixed expenses 0 To fand expenses 0 4 Topper Sports, Inc., 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: Standard Deluxe Pro Selling price per racket $40.00 $ 60.00 $90.00 Variable expenses per racket: Production $ 22.00 $ 27.00 $31.50 Selling (54 of selling price) $ 2.00 $ 3.00 $4.50 Sints Skipped All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: eBook Fixed production costs Advertising expense Administrative salaries Total Per Month $ 124,800 104.000 54,000 $ 282,000 References Sales, in units, over the past two months have been as follows: 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 Rocket 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 $20.400. 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 Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Req3 Req Reqs 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 Saved 4 10 Doints Topper Sports, Inc., 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: Standard Deluxe Pro Selling price per racket $ 40.00 $ 60.00 $90.00 Variable expenses per racket: Production $ 22.00 $27.00 $31.50 Selling (54 of selling price) $ 2.00 $ 3.00 $ 4.50 Shipped Book All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Per Month Fixed production costs $ 124,000 Advertising expense 104,000 Administrative salaries 54,00 Total $ 282,000 References Sales, in units, over the past two months have been as follows: 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 $20,400. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,4007 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. Reg 4 Regs Req1A Reg 1B Req3 Whether the break-even point would be higher or lower with May's sales mix than with April's sales mix? Higher O Lower saved 4 10 points Topper Sports, Inc. 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. Standard Deluxe Pro Selling price per racket $ 40.00 $ 60.00 $90.00 Variable expenses per racket: Production $ 22.00 $ 27.00 $31.50 Selling (54 of selling price) $ 2.00 $ 3.00 $ 4.50 Skipped Book All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Per Month Fixed production costs $ 124,000 Advertising expense 104.000 Administrative salaries 54.000 Total 5282,000 References Sales, in units, over the past two months have been as follows: 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 $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. Complete this question by entering your answers in the tabs below. Req IA Reg 18 Reg 3 Reg 4 Regs 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 $20,4007 Do not prepare income statements; use the incremental analysis approach in determining your answer. Standard Pro Effect on Not operating income

Answer & Explanation Solved by verified expert

See Answer