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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
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 $ 1,496,000 440 $ 49 18 135,000 $ 105,000 70,000 $ 115,000 $ 295,000 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? 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. $ 1,496,000 The Alpine House, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses $ 301,600 Administrative expenses 166.200 467,800 Net operating income Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. $ 1,496,000 The Alpine House, Inc. Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Selling expenses 166,600 Administrative expenses 61,200 227,800 Contribution margin Fixed expenses Selling expenses Administrative expenses 135,000 105,000 240,000 Net operating income Required 1 Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit
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