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4 2.08 points Skipped eBook Exercise 1-4 (Algo) Fixed and Variable Cost Behavior [LO1-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $2,300 and the variable cost per cup of coffee served is $0.75. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increases? Hint Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. (Round the "Average cost per cup of coffee served" to 3 decimal places.) 500 Cups of Coffee 600 Cups of Coffee 700 Cups of Coffee Fixed cost Variable cost Total cost 0 $ 0 $ 0 Average cost per cup of coffee served Required t Required 2 > Chapter 1 Graded Homework 5 208 Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense $ 360,000 $ 24,000 $ 240,000 $ 12,000 ? $ 14,400 points Fixed administrative expense Variable selling expense $ 18,000 Variable administrative expense Contribution margin $ 72,000 Net operating income $ 21,600 eBook Saved Hint 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 operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Req 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Variable expenses Fixed expenses 5 Problem 1-19 (Algo) Traditional and Contribution Format Income Statements [LO1-6] 208 Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: points Sales Beginning merchandise inventory Purchases. Ending merchandise inventory $ 360,000 $ 24,000 eBook Fixed selling expense Fixed administrative expense. $ 240,000 $ 12,000 2 $ 14,400 Variable selling expense $ 18,000 Variable administrative expense Hint Contribution margin $ 72,000 Net operating income $ 21,600 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 estimati operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Req 6 Prepare a traditional format income statement. Todrick Company Traditional Income Statement Selling and administrative expenses Chapter 1 Graded Homework 5 208 points eBook Hint Print References Problem 1-19 (Algo) Traditional and Contribution Format Income Statements [LO1-6] Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: 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 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. $360,000 $ 24,000 $ 240,000 $ 12,000 ? $ 14,400 $ 18,000 ? $ 72,000 $ 21,600 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. Req 1 Req 2 Req 3 to 5 Req 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 unt

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