Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases $ 435,000 $ 29,000 $ 290,000 $14.500 Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income 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? Reg 1 Complete this question by entering your answers in the tabs below. Reg 2 $ 17,400 $21,750 Reg 3 to 5 $87,000 $ 26,100 Raq 6 Req 1 Req 2 Variable expenses: Fixed expenses: Req 3 to 5 Prepare a contribution format income statement. Req 6 Todrick Company Contribution Format Income Statement + s 03:42:51 eBook Hint Req 1 Req Req 3 to 5 Req 6 Prepare a traditional format income statement. Todrick Company Traditional Income Statement Selling and administrative expenses: < Req 1 Req 3 to 5 > 40 Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 3. Selling price per unit 4. Variable cost per unit 5. Contribution margin per unit Req 6 Edit View History Bookmarks Profiles All U Campuses 10 x Combined A300 SP23 MT to.mheducation.com/ext/map/index.htm_conicon&external work Ch 01 42:25 BUB www N 2. Prepare a traditional format income stanemens 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 use operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below Reg 1 Req3 to 5 Which income statement format (traditional format or contribution format) would be more useful to how net operating income will change in response to changes in unit sales? ngantartanesi COP 2 Traditional income statement Contribution income statement W Reg 2 S 3 C7 E D S 4 R X C Help Question 4-Homework Ch 0 x browser=0&launchurishttps%253A%252F < Pray 4 of 4 21 017 5 F Search or type URL Sant T V 10 G Next > Y VP 7 2 H B 2