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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 | ||||||||||
Total sales revenue | $ | 943,000 | ||||||||
Selling price per pair of skis | $ | 410 | ||||||||
Variable selling expense per pair of skis | $ | 49 | ||||||||
Variable administrative expense per pair of skis | $ | 17 | ||||||||
Total fixed selling expense | $ | 130,000 | ||||||||
Total fixed administrative expense | $ | 110,000 | ||||||||
Beginning merchandise inventory | $ | 65,000 | ||||||||
Ending merchandise inventory | $ | 115,000 | ||||||||
Merchandise purchases | $ | 290,000 | ||||||||
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