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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: sales - $21000 beginning merchandise inventory - $14000 purchases -

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:

sales - $21000

beginning merchandise inventory - $14000

purchases - $140000

ending merchandise inventory - $7000

fixed selling expense - ?

fixed administrative expense - $8400

variable selling expense - $10500

variable administrative expense - ?

contribution margin - $42000

net operating income - $12600

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

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