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n 1 four in one please help Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable
n 1 four in one please help
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 $ 195,000 $ 13,000 $ 130,000 $ 6,500 $ ? $ 7,800 $ 9,750 7 $ 39,000 $ 11,700 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? Todrick Company Contribution Format Income Statement Variable expenses: 0 Fixed expenses: 0 Reg 1 Reg 2 Reg 3 to 5 Req 6 Prepare a traditional format income statement. Todrick Company Traditional Income Statement 0 Selling and administrative expenses: 0 Reg 1 Req 2 Req 3 to 5 Req 6 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 3. Selling price per unit 4. Variable cost per unit 5. Contribution margin per unit Reg 1 Reg 2 Req 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 unit sales? Traditional income statement Contribution income statement Step by Step Solution
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