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Exercise 1-15 (Static) Traditional and Contribution Format Income Statements (L01-6] The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the
Exercise 1-15 (Static) Traditional and Contribution Format Income Statements (L01-6] The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Bales Selling price per pair of skla 150.000 9.750 Variable selling expense per pair of skin 150 Variable administrative expense per pair of skie 10 Total fixed selling expense $ 20,000 Total fixed administrative expense $ 20,000 lleginning merchandise inventory $ 30,000 Ending merchandise inventory 40.000 Merchandise purchase 100,000 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 2 Required Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement 3. Wildl 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 Selling and administrative expenses: 0 Required 2 > 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 contribution format Income statement for the quarter ended March 31. The Alpine House, Incorporated Contribution Format Income Statement Variable expenses 0 Fixed expenses 0 Sales Amount Selling price per pair of skis $ 150,000 $ 750 Variable selling expense per pair of skis $ 50 Variable Administrative expense per pair of skis 310 Total fixed selling expense $ 20,000 Total fixed administrative expense $ 20,000 Beginning merchandise inventory $ 30,000 Ending merchandise inventory $ 40,000 Merchandise purchases $ 100,000 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? Contribution margin per unit
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