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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: 10 points $ 435,000 $ 29,000 $ 290,000 $ 14,500 Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income 17,400 21,750 eBook $ 87,000 26,100 Print References 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? 10 points Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 to 5 Reg 6 eBook Prepare a contribution format income statement. Print Todrick Company Contribution Format Income Statement References Variable expenses: Fixed expenses: Reg 1 Req 2 > Complete this question by entering your answers in the tabs below. eBook Req 1 Reg 2 Req 3 to 5 Req 6 Print Prepare a traditional format income statement. References Todrick Company Traditional Income Statement Selling and administrative expenses: eBook 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? Print References Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 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 Print 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? References Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3 to 5 Req 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? Traditional income statement O Contribution income statement

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