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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 1, 452, 000 Selling price per pair of skis 440 Variable selling expense per pair of skis 48 Variable administrative expense per pair of skis 16 Total fixed selling expense to to to ta ta ta ta ta ta 135,000 Total fixed administrative expense 105, 900 Beginning merchandise inventory 70,900 Ending merchandise inventory 115, 000 Merchandise purchases 310, 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
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