The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the Information...
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The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the Information shown below for the quarter ended March 31: Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: Amount $ 1,200,000 $ 400 1. Prepare a traditional Income statement for the quarter ended March 31. $ 47 $ 16 $ 130,000 $ 100,000 $ 65,000 $ 105,000 $ 290,000 2. Prepare a contribution format Income statement for the quarter ended March 31. 3. What was the contribution margin per unit? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. Sales Cost of goods sold The Alpine House, Incorporated Traditional Income Statement $ 1,200,000 950,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Net operating income < Required 1 Required 2 > The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the Information shown below for the quarter ended March 31: Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: Amount $ 1,200,000 $ 400 1. Prepare a traditional Income statement for the quarter ended March 31. $ 47 $ 16 $ 130,000 $ 100,000 $ 65,000 $ 105,000 $ 290,000 2. Prepare a contribution format Income statement for the quarter ended March 31. 3. What was the contribution margin per unit? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. Sales Cost of goods sold The Alpine House, Incorporated Traditional Income Statement $ 1,200,000 950,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Net operating income < Required 1 Required 2 >
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1Traditional Income Statement for the quarter ended March 31 Alpine House Incorporated Income Statem... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0077522940
15th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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