C Secure https/ connect.htm Check my work mode: This shows whet is correct or incorrect Todrick Company is a merchandiser that reported thfolowing information based on 1000 units sold sales Beginningserchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income 5 420,eee $ 28,0e0 5 280,000 14,06e points $ 16,8ee $ 21,0ee 5 84,000 $ 25,200 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 operating income will change in responses to changes in unit sales? 3 Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Rea 3 to5 Req 6 3. Calculate the selling price per unit 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit 420 84 Selling price per unit 4 Variable cost per unl Contribution margin per unit Req2 Req 6 ) Prev 1 of S O @ Type here to search