ces Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin: Net operating income. 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. $ 405,000 $ 27,000 $270,000 $ 13,500 ? $ 16,200 $ 20,250 ? $ 81,000 $ 24,300 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Req 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Req 1 Req 2 Req 3 to 5 Req 6 Prepare a traditional format income statement. ht Sales O Cost of goods sold -nces Todrick Company Traditional Income Statement $ 405,000 270,000 135,000 Gross margin Selling and administrative expenses: Selling expense Administrative expense Net operating income 0 < Req 1 Req 3 to 5 > ces 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per uni 3. Selling price per unit 4. Variable cost per unit 5. Contribution margin per unit Req 1 Req 2 Req 3 to 5 Req 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 response to changes in unit sales? OTraditional income statement OContribution income statement