Todrick Company Is a merchandiser that reported the following Information based on 1,000 units sold: Sales...

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Todrick Company Is a merchandiser that reported the following Information based on 1,000 units sold: Sales $ 345,000 Beginning merchandise inventory Purchases $ 23,000 $ 230,000 Ending merchandise inventory $ 11,500 Fixed selling expense $ ? Fixed administrative expense $ 13,800 Variable selling expense $ 17,250 Variable administrative expense $ ? Contribution margin $ 69,000 Net operating income $ 20,700 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: Todrick Company Contribution Format Income Statement 0 0 Todrick Company Is a merchandiser that reported the following Information based on 1,000 units sold: Sales $ 345,000 Beginning merchandise inventory Purchases $ 23,000 $ 230,000 Ending merchandise inventory $ 11,500 Fixed selling expense $ ? Fixed administrative expense $ 13,800 Variable selling expense $ 17,250 Variable administrative expense $ ? Contribution margin $ 69,000 Net operating income $ 20,700 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: Todrick Company Contribution Format Income Statement 0 0