Soved Graded Homework Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $360,000 Beginning merchandise inventory $ 24,000 Purchases $ 240,000 Ending merchandise inventory $ 12,080 Fixed selling expense ? Fixed administrative expense $ 14,400 Variable selling expense $ 18,000 Variable administrative expense Contribution margin $ 72,000 Net operating income $ 21,690 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? Complete this question by entering your answers in the tabs below. ences Reg 1 Reg 2 Reg 3 to 5 Reg 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Variable expenses Fixed expenses 0 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchurl=https%253A%252F%252Fims.mheduce Graded Homework Saved Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: og Sales $360,000 Beginning merchandise inventory $ 24,000 Purchases $ 240,000 Ending merchandise inventory $ 12,000 Fixed selling expense Fixed administrative expense $ 14,480 Variable selling expense $ 18,000 Variable administrative expense Contribution margin $ 72,000 Net operating income $ 21,600 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 h operating income will change in response to changes in unit sales? ok 10 In int Complete this question by entering your answers in the tabs below, rences Reg 1 Reg 2 Req 3 to s Reg 6 Prepare a traditional format income statement. Todrick Company Traditional Income Statement Selling and administrative expenses 5 Problem 1-19 (Algo) Traditional and Contribution Format Income Statements [LO1-6) 1.08 oints Slipped eBook Todrick Company is a merchandiser that reported the following information based on 1000 units sold: Sales $360,000 Beginning merchandise Inventory $ 24,000 Purchases $ 240,000 Ending merchandise inventory $ 12,000 Fixed selling expense Fixed administrative expense $ 14,480 Variable selling expense $ 18,000 Variable administrative expense Contribution margin $ 72,000 Net operating income $ 21,600 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 operating Income will change in response to changes in unit salet? Hint Print References Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 to 5 Req6 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
