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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:The Alpine

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: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 $1,125,000
Selling price per pair of skies $450
Variable selling expense per pair of skis $48
Variable administrative expense per pair of skis $18
Total fixed selling expense $145,000
Total fixed administrative expense $120,000
Beginning merchandise inventory $60,000
Ending merchandise inventory $115,000
Merchandise purchases $305,000

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?

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