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please I need explanation and all the parts required!!! thanks Saved Help Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements [LO1-6) The Alpine House,

please I need explanation and all the parts required!!! thanks image text in transcribed
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Saved Help Exercise 1-15 (Algo) 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: 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 $1,000,000 400 $ 45 $ 20 $ 155,000 $ 115,000 $ 70,000 $110,000 $ 295,000 1 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. The Alpine House, Inc. Traditional Income Statement Ses Cost of goods sold 1,000,000 255,000 7,450,000 Gross marge 2 C1 Qui Connect www 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, Inc. Contribution Format Income Statement Variable expenses 0 Fixed expenses 0 Required 1 Required 3 >

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