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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales...

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandComplete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3 to 5 Req 6 Prepare a contribution format4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 6. Which income statement format (traVariable selling expense Variable administrative expense Contribution margin Net operating income 12,000 ? 48,000 14,400 RequFixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution marg

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 $ 240,000 $ 16,000 $ 160,000 8,000 ? $ 9,600 $ 12,000 ? $ 48,000 $ 14,400 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? Complete this question by entering you answers in the tabs below.
Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3 to 5 Req 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Variable expenses: 0 Fixed expenses: 0 < Req 1 Req 2 >
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? 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 0 Selling and administrative expenses: 0 Reg 1 Req 3 to 5 >
Variable selling expense Variable administrative expense Contribution margin Net operating income 12,000 ? 48,000 14,400 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? Complete this question by entering your answers in the tabs below. Reg 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 < Req 2 Req 6 >
Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income 9,600 12,000 ? 48,000 14,400 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? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3 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 Req 3 to 5 Reg 6 >
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Answer #1

240000 Requirement: 1 Todrick Company Contribution Format Income Statement Sales Variable expenses: Cost of goods sold 168000

Requirement: 2 Todrick Company Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative

Requirement: 5 Contribution margin per unit = Contribution margin / units sold Contribution margin 48000 Units sold 1000 Cont

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