1:Cost Concepts Seved Help Save Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Bales Meginning merchandise Inventory Purchases Inding merchandise inventory Pixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Not operating income 255,000 $ 17.000 $ 170,000 6 8,500 2 $ 10,200 12.750 $ 5 51,000 15,300 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 variabie 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 Reg 1 Reg 2 Reg 3 to 5 Reg 6 Prepare a contribution format income statement. Todrick Company Saved at 1:Cost Concepts Reg 1 Req 2 Req 3 to 5 Reg 6 Prepare a contribution format Income statement. Todrick Company Contribution Format Income Statement Variable expenses: 0 Fixed expenses: Reg 2 nt 1:Cost Concepts Reg 1 Reg 2 Reg 3 to 5 Reg 6 Prepare a traditional format Income statement. Todrick Company Traditional Income Statement 0 Selling and administrative expenses: 0 nt 1:Cost Concepts Sevea 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 operating Income will change in responses to changes in unit sales? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3 to 5 Reg 6 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 Un=https: newconnect.mheducation.com 252Felactivity t 1:Cost Concepts wed Help 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. Reg 1 Reg 2 Req 3 to 5 Reg 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? O Traditional income statement Contribution income statement
