How to calculate selling and administrative

Problem 1-19 Traditional and Contribution Format Income Statements [LO1-6 Codrick Company is a merchandiser that reported the following information based on 1,000 units 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 $ 390,000 $ 26,000 $ 260,000 $ 13,000 $ ? $ 15,600 $ 19,500 $ $ $ 78,000 23,400 Required: . Prepare a contribution format income statement. 2. Prepare a traditional format income statement 3. Calculate the selling price per unit. 9. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 5. Which income statement format (traditional format or contribution format) would be more usefu Toting income will change in responses to changes in unit sales? Req 1 Reg 2 Req 3 to 5 Req 6 Prepare a traditional format income statement. Todrick Company Traditional Income Statement Sales $ 390,000 273,000 117,000 Cost of goods sold Gross margin Selling and administrative expenses: Selling expense Administrative expense 0 Net operating income $ 23,400