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Todrick Company is a merchandiser that reported the following information based on 1000 units sold Sales $375,808 25,80e 258,800 12,580 Beginning merchandise inventory Purchases Ending
Todrick Company is a merchandiser that reported the following information based on 1000 units sold Sales $375,808 25,80e 258,800 12,580 Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income 15,0e0 $ 18,75e $75,8ee $22,5e0 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 ne operating income will change in responses to changes in unit sales? Complete this question by entering your answers in the tabs below. Prey : 1 of 5 Next > earch
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