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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 Sales
The Alpine House, Inc, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31 Sales Selling price per pair of slas Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed adhinistrative expense Beginning merchandise Inventory Ending merchandise Inventory Merchandise purchases Amount $ 1,394,000 $ 410 5 50 $ 20 $ 155,000 $ 110,000 $ 75,000 5 120,000 $ 320,000 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a traditional Income statement for the quarter ended March 31 $ 1.394 000 The Alpine House, Inc Traditiogalincome Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Administrative expenses Selling expenses 0 The Alpine House, Inc. is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31 Sales Selling price per pair of sids Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed adinistrative expense Beginning merchandise Inventory Ending merchandise Lnventory Merchandise purchases Amount $ 1,394,000 $ 410 5 30 $ 20 $ 155,000 $ 110,000 3 75,000 5 120,000 5 320,000 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare a contribution format income statement for the quarter ended March 31 The Alpine House, Inc Contribution Format Income Statement Variable expenses Fixed expenses The Alpine House, Inc. is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31 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 adeinistrative expense Beginning merchandise inventory Ending merchandise Inventory Merchandise purchases Amount $ 1,394,000 $ 410 $ 50 5 20 $ 155,000 5 110,000 $ 75,000 $ 120,000 $ 320,000 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? Complete this question by entering your answers in the tabs below Required 1 Required 2 Required What was the contribution margin per unit? (Round your final answer to dearent whole ola Contribution margin
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