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The Alpine House, Inc., is a large retailer below for the quarter ended March 31: snow skis. The company assembled the information shown Amount $1,032,000
The Alpine House, Inc., is a large retailer below for the quarter ended March 31: snow skis. The company assembled the information shown Amount $1,032,000 430 Total sales revenue 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 S 50 17 150,000 130,000 80,000 110,000 S 280,000 S S Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc. Traditional Income Statement Selling and administrative expenses: 2. Prepare a contribution format income statement for the quarter ended March 31. (Round your answer to nearest whole dollar.) The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: 3. What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter? (Round your answer to the nearest whole dollar.) Contribution of each pair of skis was
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