req 2

Help Todrick Company is a merchandiser that reported the following information based on 1.000 units sold Sales $ 330,000 Beginning merchandise inventory 5 22.000 Purchases $ 220,000 Ending merchandise inventory $11,000 Fixed selling expense Fixed administrative expense $ 13,200 Variable selling expense $ 16,5 Variable adeinistrative expense Contribution margin $ 66,000 Net operating income $19,500 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 response to changes in unit sales? complete this question by entering your answers in the tabs below Req 1 Reg 2 Req 3 to 5 Reg 6 Prepare a traditional format Income statement. Todrick Company Traditional Income Statement 0 Selling and administrative expenses 0 Rng 3 to 5 >