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please be specific when naming and calculating because of tight list The Alpine House, Inc., is a large retailer of snow skis. The company assembled
please be specific when naming and calculating because of tight list
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended 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 selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount $ 1,386,000 $ 420 $ 49 $ 15 $ 150,000 $ 125,000 $ 80,000 $ 110,000 $ 290,000 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. 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 traditional income statement for the quarter ended March 31. $ 1,386,000 260,000 The Alpine House, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses $ 311,700 Administrative expenses 174,500 1,126,000 expl LLLLLL 486,200 $ 639,800 Administrative expenses Selling expenses 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 Prepare a contribution format income statement for the quarter en : ended March 31. The Alpine House, Inc. Contribution Format Income Statement Sales $ 1,386,000 $ Variable expenses: Cost of goods sold Selling expenses Administrative expenses 260,000 161,700 49,500 471,200 914,800 Contribution margin Fixed expenses: Selling expenses Administrative expenses 150,000 125,000 275,000 639,800 Net operating income $ 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 $ 277Step by Step Solution
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