1 1 Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: 15 points Skipped Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Tixed administrative expense Variable selling expense Variable administrative expense Contribution margin Not operating income $ 390,000 $ 26,000 $ 260,000 $ 13,000 7 $ 15,600 $ 19,500 $ 78,000 $ 23, 400 60 Print Required: 1. Prepare a contribution format Income statement 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in responses to changes in unit sales? References 1 Complete this question by entering your answers in the tabs below. 15 points Req 1 Reg 2 Reg 3 to 5 Reg 6 Skipped Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement eBook Variable expenses Print References 0 Fixed expenses 0 Reg 2 > 1 Complete this question by entering your answers in the tabs below. 15 points Req 1 Reg 2 Reg 3 to 5 Reg 6 Skipped Prepare a traditional format income statement. Todrick Company Traditional Income Statement eBook Print 0 Selling and administrative expenses References 0 Complete this question by entering your answers in the tabs below. eBook Reg 1 Reg 2 Reg 3 to 5 Reg 6 Print . 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. References 3. Selling price per unit 4. Variable cost per unit 5. Contribution margin per unit ( Req2 Rego > Complete this question by entering your answers in the tabs below. Print Reg 1 Reg 2 Reg 3 to 5 Reg 6 References Which income statement format (traditional format or contribution format) would be more useful to managers in estimatin how net operating income will change in responses to changes in unit sales? Traditional income statement Contribution income statement (Reg 3 to 6