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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: Amount

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 $ 840,000
Selling price per pair of skis $ 420
Variable selling expense per pair of skis $ 47
Variable administrative expense per pair of skis $ 16
Total fixed selling expense $ 155,000
Total fixed administrative expense $ 125,000
Beginning merchandise inventory $ 75,000
Ending merchandise inventory $ 110,000
Merchandise purchases $ 280,000

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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