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The Alpine House, Inc, is a large retailer of snow skis. The company assembled the information shown below March 31 Amount $1,247,000 polnts Sales Selling
The Alpine House, Inc, is a large retailer of snow skis. The company assembled the information shown below March 31 Amount $1,247,000 polnts Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of 430 49 $ 18 skis Total fixed selling expense Total fixed administrative expense 145,000 120,000 Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 65,000 120,000 300,000 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? A tA ng your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc. Traditional Income Statement Sales S 1,247,000 Cost of goods sold 245,000 Gross margin Selling and administrative expenses Selling expenses 1,002,000 142,100 Administrative expenses 174,000 316,100 Net operating income 801,000 Required 2 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Variable expenses: 0 Fixed expenses 0 Required 3
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