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The Alpine House, Inc. is a large retailer of winter sports equipment. Here is an income statement for the company's Ski department for a recent

The Alpine House, Inc. is a large retailer of winter sports equipment. Here is an income statement for the company's Ski department for a recent quarter:
THE ALPINE HOUSE, INC.
Income Statement-Ski Department
For the Quarter Ended March 31
Sales
Less: Cost of goods sold
Gross margin
Less: Operating expenses:
Selling expenses $60,000
Administrative expenses
Net income
20,000?=80,000$90,000
On average, skis sell for $800 per pair. Variable selling expenses are $50 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 17.5% variable and 82.5% fixed. The company does not manufacture its own skis; it purchases them from a supplier for $450 per pair.
Required:
Prepare a contribution margin income statement for the quarter.
\table[[THE ALPINE HOUSE, INC.,],[Contribution Margin Income Statement-Ski Department,],[For the Quarter Ended March 31,,],[Less: Variable expenses:,,],[Cost of goods sold,,],[,,],[,,],[,,],[,,],[Less: Fixed expenses:,,],[,,],[,,],[,,]]For every pair of skis sold during the quarter, what was the contribution toward
covering fixed expenses and toward earning profits?
Contribution margin
per pair
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