Saved Help Save & Exit Submit Exercise 1-15 (Static) Traditional and Contribution Format Income Statements (L01-6] 2 The Alpine House, Incorporated, 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 $ 150,000 $ 750 $ 50 $Tie $ 20,oo $ 20,000 $ 30,000 $ 40,000 $ 100,000 ook int ences 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. o @ 75F o L to search Required 1 Required 2 Required 3 2 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement $ 150,000 90.000 Book 60,000 Hint Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses $ 30,000 rences 22.000 52,000 $ 8,000 Net operating income Required 2 > K Rete Next > TA 2 of 4 Prev ***** & o roto search Prepare a contribution format income statement for the quarter ended March 31. 2 The Alpine House, Incorporated Contribution Format Income Statement $ 150,000 Sales Variable expenses: Direct materials $ 90.000 Book Hint 90,000 rences Fixed expenses: 0 Next > HBB 2 of 4