Question
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: Amount Sales Selling price per pair of skis $ 1,148,000 $ 410 Variable selling expense per pair of skis $ 50 Variable administrative expense per pair of skis $ 20 Total fixed selling expense $ 145,000 Total fixed administrative expense $ 120,000 Beginning merchandise inventory $ 75,000 Ending merchandise inventory. $ 105,000 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 31.1 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
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