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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 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 Total fixed selling expense Amount $ 1,386,000 420 $ 45 Variable administrative expense per pair of skis 16 $ 155,000 Total fixed administrative expense $ 115,000 Beginning merchandise inventory $ 80,000 Ending merchandise inventory $ 115,000 Merchandise purchases $ 290,000 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. The Alpine House, Inc. Traditional Income Statement Selling and administrative expenses 4 Required 2 >
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