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7 0.74 points Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements The Alpine House, Incorporated, is a large retailer of snow skis. The
7 0.74 points Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the inform ended March 31: Skipped eBook Hint 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 $ 1,000,000 $ 400 $ 46 $ 19 $ 155,000 $110,000 $ 75,000 $110,000 $ 310,000 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? 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. points Skipped Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement Hint References Selling and administrative expenses: 0 Required 1 Required 2 > 0.74 points Complete this question by entering your answers in the tabs below. Skipped Required 1 Required 2 Required 3 eBook Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Incorporated Contribution Format Income Statement Variable expenses: Hint O References Fixed expenses: 0 0 < Required 1 Required 3 > 7 ended March 31: .74 Coints Skipped eBook Hint 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 $ 1,000,000 $ 400 $ 46 $ 19 $ 155,000 $110,000 $ 75,000 $110,000 $ 310,000 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? 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
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