SceOef16bfe5D%2F4%2F2%58data-uuid-8260ees 449ab90ed2blec Mindtap IClicker webwork M ACCHW Cost Item Cost Behavior Manufacturers Financial Statements Decision Making EXERCISE 1-15 Traditional and Contribution Format Income Statements O 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: Amount Sales $150,000 Selling price per pair of skis $750 Variable selling expense per pair of skis Variable administrative expense per pair of skis $50 $10 $20,000 Total fixed selling expense $20,000 Total fixed administrative expense $30,000 Beginning merchandise inventory $40,000 Ending merchandise inventory $100,000 Merchandise purchases 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? LO1-5 EXERCISE 1-16 Cost Classifications for Decision Making Warner Corporation purchased a machine 7 years ago for $319,000 when it launched product P50. Unfortunately, this machine has broken down and cannot be repaired. The machine could be replaced by a new model 300 machine costing $313,000 or by a new model 200 ment has decided to buy the model 200 machine. It has less capacity than the model 300 machine, but its