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1 The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:
1 The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 100 points eBook 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 Amount $ 1,305,000 $ 450 $ 47 $ 17 $ 135,000 $ 105,000 $ 70,000 $ 105,000 $ 295,000 Hint Print References 100 points Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit? eBook Complete this question by entering your answers in the tabs below. Hint Print References Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. S The Alpine House, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses $ (136,300) Administrative expenses (49,300) 1,305,000 260.000 1,045,000 (185,600) Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Selling expenses Administrative expenses 0 Fixed expenses: 0 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit
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