Check my work 7 Todrick Company is a merchandiser that reported the following information based on 1.000 units sold: 1 points Book Sales Deginning merchandise Inventory Purchases Ending merchandise inventory Fixed selling expende Fixed adninistrative expense Variable selling expense Variable administrative expense contribution margin Not operating income $ 480,000 5 32,000 $ 320,000 $ 16,000 $ 2 019,200 $ 24,000 $ 2 $ 96,000 20,000 Heerences 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. Reg 1 Reg 2 Reg 3 to 5 Reso Check Complete this question by entering your answers in the tabs below. Req1 Reg 2 Req 3 to 5 Reg 6 Prepare a contribution format income statement. OK Todrick Company Contribution Format Income Statement ht $ 480,000 nces Variable expenses: Cost of goods sold Selling expense Administrative expense 0 Contribution margin Fixed expenses: Selling expense Administrative expense 0 Net operating income Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3 to 5 Reg 6 Prepare a traditional format income statement Jook rences Todrick Company Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Administrative expense Selling expense 0 Net operating income 7 operating income will change in responses to changes in unit sales? Complete this question by entering your answers in the tabs below. soints Reg 1 Reg 2 Reg 3 to 5 Reg 6 eBook 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 9 Points Check my work The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal with peaks occurring during the ski season and in the summer. Month Occupancy-Days Electrical costo January 3,000 $15,000 February 850 $ 4,250 March 4,430 $18,570 April 1,490 57,350 May 3.650 $18,250 June 1,120 $ 5,600 July 3,910 $17,425 August 3,040 $17.288 September 1,900 $ 9,500 October 1,090 $ 5,450 November 2,040 $10,200 December 2,990 $14.950 eBook Ant References Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day (Do not round your Intermediate calculations, Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) $ Variable cost of electricity Fixed cost of electricity 4.00 per occupancy-day per month
