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Exercise 2-13 Traditional and Contribution Format Income Statement The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown
Exercise 2-13 Traditional and Contribution Format Income Statement The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 19 Amount Total sales revenue $1,462,000 Selling price per pair of skis 430 Variable selling expense per pair of skis $ 48 Variable administrative expense per pair 19 of skis Total fixed selling expense $ 160,000 Total fixed administrative expense $ 115,000 Beginning merchandise inventory $ 75,000 Ending merchandise inventory $ 105,000 Merchandise purchases $ 310,000
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