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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: $ 330,000 22,000 220,000 11,000 Sales Beginning merchandise inventory Purchases

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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: $ 330,000 22,000 220,000 11,000 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 ta ta ta ta ta ta ta ta ta ta 13,200 16,500 66,000 19,800 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 Reg 6 Prepare a contribution format income statement

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