5 The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 3 points 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 $ 1,148,000 $ 410 $ 48 $ 17 $ 130,000 $ 100,000 $ 75,000 $ 115,000 $ 320,000 Required (Hint: there are more lines than you need in the tables below - some lines will remain blank): 1. Prepare a traditional income statement for the quarter ended March 31. (Hints: (1) you will need to calculate the number of units from the sales information above; (2) if you don't remember how to calculate Cost of Goods Sold from the information above, see p. 43 in your book.) 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit? UT 3. What was the contribution margin per unit? Complete this question by entering your answers in the tabs below. 3 points Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. eBook Hint $ 1,148,000 280,000 The Alpine House, Incorporated Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses $ 130,000 Administrative expenses 100,000 Print 868,000 References 230.000 Net operating income 5 3. What was the contribution margin per unit? Complete this question by entering your answers in the tabs below. 3 points Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. eBook Hint $ 1,148,000 The Alpine House, Incorporated Contribution Format Income Statement Sales Variable expenses: Cost of goods sold S 280,000 Selling expenses 149,680 Administrative expenses Print a References 429,680 Contribution margin Fixed expenses: Selling expenses Administrative expenses 0 Net operating income 70 5 vai laule seiliny wapense peu pai U SALS Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 17 $ 130,000 $ 100,000 $ 75,000 $ 115,000 $ 320,000 3 points Required (Hint: there are more lines than you need in the tables below - some lines will remain blank): 1. Prepare a traditional income statement for the quarter ended March 31. (Hints: (1) you will need to calculate the number of units from the sales information above; (2) if you don't remember how to calculate Cost of Goods Sold from the information above, see p. 43 in your book.) eBook 2. Prepare a contribution format income statement for the quarter ended March 31. Hint 3. What was the contribution margin per unit? Print Complete this question by entering your answers in the tabs below. References 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