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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: 1.
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:
1. Prepare a traditional income statement for the quarter ended March 31. Fill in the table.
2. Prepare a contribution format income statement for the quarter ended March 31. Fill in the table.
3. What was the contribution margin per unit? Fill in the table.
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 Amount $ 1,032,000 $ 430 $ 49 $ 19 $ 145,000 115,000 $ 70,000 $ 105,000 $ 310,000 Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc. Traditional Income Statement Selling and administrative expenses: 0 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: 0 Fixed expenses: 0 Required 1 Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unitStep by Step Solution
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