Question 2 Alfa Inc., is a large retailer of shoes. The company assembled the information shown below for the quarter ended March 31: Sales Selling price per pair of shoes Variable selling expense per pair of shoes Variable administrative expense per pair of shoes Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $150,000 $750 $50 $10 $20,000 $20,000 $30,000 $40,000 $100,000 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?

Question 2 Alfa Inc, is a large retailer of shoes. The company assembled the information shown below for the quarter ended March 31 : 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