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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 270,000 Beginning merchandise inventory $ 18,000 Purchases $

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

Sales $ 270,000
Beginning merchandise inventory $ 18,000
Purchases $ 180,000
Ending merchandise inventory $ 9,000
Fixed selling expense $ ?
Fixed administrative expense $ 10,800
Variable selling expense $ 13,500
Variable administrative expense $ ?
Contribution margin $ 54,000
Net operating income $ 16,200

Required:

1. Prepare a contribution format income statement.

Todrick Company
Contribution Format Income Statement
Variable expenses:
$0
0
Fixed expenses:
0

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