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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 1,364,000 440 Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 50 16 145,000 $ 100,000 $70,000 $115,000 $ 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? Required1Required 2Required 3 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc Traditional Income Statement Selling and administrative expenses Required 1 Required 2> Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31 The Alpine House, Inc. Contribution Format Income Statement Variable expenses Fixed expenses: Required 3 Required 1 Required 1Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit K Required 2 Required 3
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