Problem 1-19 (Static) Traditional and Contribution Format Income Statements [LO1-6] Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: $300.000 520.000 5200 000 $ 7.000 Sales Beginning merchandise inventory Purchases Ending merchandise in Fixed sling expense Fixed administrative expense Variable selling expertise Variable administrative expense Contribution margin Net operating income $12.000 $15.000 $ 60.000 $18.000 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 Prepare a contribution format income statement Todrick Conny Contribution Formation Statement S300 C Variable experts Cost of goods sold Seling expense Administrative expense Manufacturing overhead $273.000 15.000 12.000 240.000 Fedexpenses >