2 Todrick Company is a merchandiser that reported the following information based on 1000 units sold Sales $285,000 Beginning merchandise Inventory $ 19,000 Purchases $ 190,000 Ending merchandise inventory $ 9,500 Fixed selling expense S Fixed administrative expense $ 11,400 Variable selling expense $ 14,250 Variable administrative expense S Contribution margin $ 57,000 Net operating income $ 17,100 8 005549 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? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 to 5 Req 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Vanable expenses Fred expenses Req2 > Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 to 5 Req 6 Prepare a traditional format income statement. Todrick Company Traditional Income Statement Selling and administrative expenses 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 operating Income will change in responses to changes in unit sales? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 to 5 Reg 6 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 3. Selling price per unit 4 Variable cost per unit 5 Contribution margin per unit 2 oints 8 00.54 24 Todrick Company is a merchandiser that reported the following Information based on 1,000 units sold Sales $ 285,000 Beginning merchandise inventory $ 19,000 Purchases $ 190,000 Ending merchandise inventory $ 9,500 Fixed selling expense $? Fixed administrative expense $ 11,400 Variable selling expense $ 14,250 Variable administrative expense $? Contribution margin $ 57,000 Net operating income $ 17,100 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 estimatir operating income will change in responses to changes in unit sales? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 to 5 Reg 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? Traditional income statement Contribution income statement