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: AmountSales$903,000Selling
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:
AmountSales$903,000Selling price per pair of skis$430Variable selling expense per pair of skis$45Variable administrative expense per pair of skis$15Total fixed selling expense$140,000Total fixed administrative expense$110,000Beginning merchandise inventory$75,000Ending merchandise inventory$110,000Merchandise purchases$295,000
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?
Prepare a traditional income statement for the quarter ended March 31.
Prepare a contribution format income statement for the quarter ended March 31.
What was the contribution margin per unit?(Round your final answer to nearest whole dollar.)
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