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Exercise 1-15 Traditional and Contribution Format Income Statements (L01-6) The Alpine Housine is a large retailer of snow skls. The company assembled the information shown
Exercise 1-15 Traditional and Contribution Format Income Statements (L01-6) The Alpine Housine is a large retailer of snow skls. The company assembled the information shown below for the quarter ended March 31 ing 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 ning serchandise inventory Finding merchandise inventory Merchandise parchases $ 5 $ $ 5 3 5 5 $ Amount 984,000 410 4B 16 130,000 105,000 75,000 115,000 315, 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? Completes this question by entering your answers in the tabs below. for the carter ended March 31 Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended Mar The Alpine House, Inc. Traditional Income Statement Selling and administrative expenses: Required Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses Required 1 Required 3 > Saved March 31: Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed sell expense Total fixed admnistrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ $ $ $ $ $ $ $ Amount 984,000 410 48 16 130,000 105,000 75,000 115,000 315,000 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 3 was the cortribution margin per unit? Round your final answer to nearest whole dollar.) Potomaci per unit Required 2
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