Problem 1-19 (Algo) Traditional Todrick Company is a merchandiser that reported the following information based on 1,00 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 Required: 1. Prepare a contribution format income statement. Prepare a traditional format income statement. Calculate the selling price per unit. Calculate the variable cost per unit. Ceq 1 Calculate the contribution margin per unit Which income statement format (traditional format or contribution format) wo operating income will change in response to changes in unit sales? Req 2 complete this question by entering your answers in the tabs below. Req 3 to 5 expenses: Reg 6 are a contribution format income statement. $ 345,000 $ 23,000 $ 230,000 $ 11,500 Todrick Company Contribution Format Income Statement 2 $ 13,800 $ 17,250 $ 69,000 $ 20,700

Problem 1-19 (Algo) Traditional and Required: 1. Prepare a contribution format income Prepare a tractitional format income sta Calculate the selling price per unit. Calculate the variabie cost per unit. Calculate the contribution margin per u : Which income statement format (traditic ormat or contribution format) wo operating income will change in respon: changes in unit sales? omplete this question by entering your : ers in the tabs below. 11 Problem 1-19 (A/go) Traditional and Contribu 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 variabie cost per unit 5. Calculate the contribution margin per unit. 6. Which incorpe statement format (traditional format: operating income will change in response to chang (tribution format) would be more useful Complete this question by entering your answers in t is below. hich income statement format (traditional format or co ution format) would be more useful w net operating income will change in response to cha ges in unit sales