Question

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: points $ $ $ $ 345,000 23,000 230,000 11,500 A A eBook 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 A $ 13,800 17,250 Print References $ 69,000 20,700 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. Complete this question by entering your answers in the tabs below. Req1 Req2 Reg 3 to 5

Answer 1

Arst Todrick Company Contou'bution format Income Stulemust Sales -345,000 Variable Expensest Cost of Good sold Selling Expenses Achministrative Expense $941,500 1117,250 & 17,950 $376,000 $69,000 Contribution Margin fixed Expenses a Selling Expenses Admiñ'storatiue. Exponse Net Operating hocome $34,500 $13,800 $ 48.300 $200, 700 $345.000 $241,500 $103,500 - Todrick Company Traditionel Income Statement 1. Sales Cost of Goods sold Groқ мауіп. Selling andy administratikey Baflesen's Administrative Expense $31,050 I selling Expense $ 51,750 $82800 $20,700 E Net operating income

Selling Price y Perydonit :- $345,000 9345 1,000 - 1ooo Variable Cost fer Unit & $276,000 T or 8-182761 © Contejbution, Maryin_for_units 369,000 jooo