2 eBook Save & Exit Suomit Check my work Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements [LO1-6] The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Ask Print References 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 $ 1,161,000 $430 1. Prepare a traditional income statement for the quarter ended March 31. $ 45 $15 $ 135,000 $ 105,000 $ 80,000 $110,000 $ 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 Complete this question by entering your answers in the tabs below. eBook: Required 11 Required 2 Required 3 Hint Ask Prepare a traditional income statement for the quarter ended March 31. Print The Alpine House, Incorporated Traditional Income Statement References Sales $ 1,161,000 Cost of goods sold 260,000 Gross margin 290,000 Selling and administrative expenses: Selling expenses $ 52,380,000 Administrative expenses 2,427,000 Net operating income: 54,807,000 $ 54,807,000 Required 2 > eBook Hint Ask Complete this question by entering your answers in the tabs below. Print References Sales Mc Graw Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. Variable expenses: The Alpine House, Incorporated Contribution Format Income Statement Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed expenses: Selling expenses Administrative expenses Net operating income 0 0 Requireda Beauled < Prev 2 of 3 Next > 2 eBook Hint Ask Print References Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement for the quarter ended March 31. $ 15 $ 135,000 $ 105,000 $ 80,000 $110,000 $ 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 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit < Required 2 Required 3> Prev 2 of 3 Next >