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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 $ 902,000

Selling price per pair of skis $ 410

Variable selling expense per pair of skis $ 49

Variable administrative expense per pair of skis $ 18

Total fixed selling expense $ 140,000

Total fixed administrative expense $ 125,000

Beginning merchandise inventory $ 80,000

Ending merchandise inventory $ 120,000

Merchandise purchases $ 290,000

Required: 1.

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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