Chapter 1b - Homework 1. Algorithmic Saved Help Save & Exit Submit Check my work 4 100 points Salon Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income $ 225,000 $ 15,000 $ 150,000 $ 7,500 $ 7 $ 9,000 $ 11,250 $ ? $ 45,000 $ 13,500 eBook Hint 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 Raferences Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 to 5 Reg 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 Contribution income statement