al Learning Course Hero Saved M Question 2 - HW C Help Save & Exit Submit 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: Sales Amount Selling price per pair of skis $ 966, 000 ped Variable selling expense per pair of skis $ 420 $ 49 Variable administrative expense per pair of skis $ 16 Total fixed selling expense $ 140, 000 Total fixed administrative expense ok $ 100, 000 Beginning merchandise inventory $ 70, 000 Ending merchandise inventory $ 105, 000 Merchandise purchases $ 305, 000 nces 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? 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. The Alpine House, Incorporated Traditional Income Statement 49 ed selling expense per pair of skis $ 16 Total fixed administrative exp $ 140, 000 Beginning merchandise inventory $ 100, 000 Ending merchandise inventory $ 70, 000 Merchandise purchases $ 105, 000 $ 305, 000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. pped 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit? Book Complete this question by entering your answers in the tabs below. Hint rences 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 Next > 2 of 4 Next > Mc 1 of 4 Next > Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) 66,000 Units 86,000 Units 106,000 Units Produced and Produced and Produced and Sold Sold Sold Total cost: Variable cost 158,400 Fixed cost 340,000 Total cost $ 498,400 $ 0 $ 0 Cost per unit: Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 Required 1 Required 2 > Next >