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Todrick Companys a merchandiset that reported the following information based on 1.000 units sold: 1,000 19.000 150,00 5 5 Hinterventory Purchases Ending hiervante Fixed selline pense Findinistrative e Variable selling expense Variable inistrative Contribution margin Nettinence 11. 14, . 57,000 37.100 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 formator contribution format would be more useful to managers in estimating how net operating income will change in responses to changes in unit sales? Todrick Company is a merchandiser that reported the following information based on 1000 units sold $ 205,000 $ 19.000 $190,000 $ 9.500 Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed adesinistrative expense Variable selling expense Variable dainistrative expense Contribution margin Net operating Income $ $ $ $ $ 11,400 14,250 2 57,000 17,100 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

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