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: Selling price per pair of skis Variable selling expense per pair of skis ki Sales T Variable administrative expense per pair of skis, Total fixed selling expense Total fixed administrative experie Beginning nerchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement for the quarter ended March 31 Amount $ 1,505,000 $ 430 $ 46 $18 $130,000 $ 120.000 $ 65,000 $110,000 $310,000 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 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 0 Net operating income Required 1 Required 2 > Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement Sales of goede cold Administrative expenses Beginning merchandise inventory Cost of goods sold Direct labor Direct materials 0 Net operating income Required 1 Required 2 > Next a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement Sales of manda aald Direct materials Ending merchandise inventory Fixed manufacturing overhead Indirect labor Indirect materials Net operating income 0 Required 1 Required 2 > < Prev 3 of 3 Next Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement Sales of wanda ald Manufacturing overhead Purchases Sales Selling expenses Variable manufacturing overhead Net operating income 0 Resired 1 Required 2 > < Prev 3 of 3 Next Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement Sales of wanda ald Manufacturing overhead Purchases Sales Selling expenses Variable manufacturing overhead Net operating income 0 Resired 1 Required 2 > < Prev 3 of 3 Next Prepare a contribution format income statement for the quarter ended March 31. Sales Variable expenses: The Alpine House, Incorporated Contribution Format Income Statement Variable manufacturing overhead Selling expenses Variable manufacturing overhead Selling expenses Fixed manufacturing overhead Contribution margin Fixed expenses: Selling expenses Administrative expenses Purchases Net operating income Droy 0 0 Next >> 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 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit < Required 2 Required 3