CH 01: Homework Assignment Saved Help 2 Problem 1-19 (Algo) Traditional and Contribution Format Income Statements (L01-6) 3 points Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: eBook 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 $ 210,000 $ 14,000 $ 140,000 7,000 $ ? $ 8,400 $ 10,500 2 $ 42,000 $ 12,600 References 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. ework Assignment i Saved Req 1 Req 2 Req 3 to 5 Req6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Beginning merchandise inventory Variable expenses: + 0 Fixed expenses: 0 Prey 2 of 5 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Beginning merchandise inventory Variable expenses: Administrative expense Beginning merchandise inventory Cost of goods sold Direct labor Direct materials Req 1 Todrick Company Contribution Format Income Stateme Beginning merchandise inventory Variable expenses: Ending merchandise inventory Fixed manufacturing overhead Indirect labor Indirect materials Manufacturing overhead Reg Prepare a contribution format income statement. Todrick Company Contribution Format Income Stateme Beginning merchandise inventory Variable expenses: Manufacturing overhead Purchases Sales Selling expense Variable manufacturing overhead +