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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 $ 150,000
Selling price per pair of skis $ 750
Variable selling expense per pair of skis $ 50
Variable administrative expense per pair of skis $ 10
Total fixed selling expense $ 20,000
Total fixed administrative expense $ 20,000
Beginning merchandise inventory $ 30,000
Ending merchandise inventory $ 40,000
Merchandise purchases $ 100,000

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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Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc. Traditional Income Statement Selling and administrative expenses: Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: What was the contribution margin per unit? Contribution margin per unit

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