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Can you please provide complete steps/work? The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for
Can you please provide complete steps/work?
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: points eBook Amount Sales $1,452,000 Selling price per pair of skis 440 Variable selling expense per pair of s Pass = $ 47 skis Variable administrative expense per 16 pair of skis Total fixed selling expense $ 135,000 Total fixed administrative expense $ 125,000 Beginning merchandise inventory $ 75,000 Ending merchandise inventory $ 110,000 Merchandise purchases $ 280,000 Hint Print Reference 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 Required Required 2 3 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc. Traditional Income Statement Sales 1,452,000 Cost of goods sold | 245,000 Gross margin 1,207,000 Selling and administrative expenses: Selling expenses Administrative expenses Required 1 Required 2 > The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: points Amount $1,452,000 440 47 eBook 16 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 Hint $ $ $ $ $ 135,000 125,000 75,000 110,000 280,000 Print Reference 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 Required Required 2 3 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Sales 1,452,000 Variable expenses: Cost of goods sold $245,000 Selling expenses 155,100 Administrative 52,800 expenses 452.900 135,000 Fixed expenses: Selling expenses Administrative expenses 125,000 260,000 Net operating income 739,100
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