hework Todrick Company is a merchandiser that reported the following information based on 1000 units sold: Sales $180.000 $ 12,000 $ 120.000 $ 6.000 Beginning merchandise Inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income $ 7,200 9.000 $ $ 36.000 10.800 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. Reg1 Reg 2 Reg 3 to 5 Reqs Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Variable expenses Pued expenses amework 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. Reqi Reg 2 Reg 3 to 5 Reg 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Variable expenses $ 12,000 $120.000 6,000 Beginning warehandise inventory Purchase Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable dainistrative expense Contribution margin Net operating income 7.200 9.000 $ $ 10.800 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 Req2 Rey 3 to 5 Reg 6 Prepare a traditional format income statement Todrick Company Traditional Income Statement Sales Cost of goods sold | Gross margin Seling and d istrative expenses Selling expense Administrative expense Faed manufacturing overhead Variable manufacturing overhead Net operating income Todrick Company is a merchandiser that reported the following information based on 1000 units sold: 12.990 Sales Beginning merchandise inventory Purchases Ending merchandise inventory Tixed selling expense Fixed administrative expense Variable selling expense Variable ministrative expense 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. Rel Re2 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 unitate? Traditional income statement Contrbution income statement Peys Next >
