EXERCISE 1-15 Traditional and Contribution Format Income Statements LO1-6 The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount 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 xpense. $150,000 $750 $50 $10 $20,000 $20,000 $30,000 $40,000 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