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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 405,000 27.000 270000 S 13,500 Ending merchandise inventory

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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 405,000 27.000 270000 S 13,500 Ending merchandise inventory Fixed seling expense Fixed administrative expense Variable selling expense Variable administrative expense $ 16.200 20,250 81,000 $ 24,300 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 Req 1 Req 2 Req 3 to 5 Req 6 Prepare a contribution format income statement. Variable expenses Fixed expenses

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