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The Alpine House, Inc., is a large retaller of snow skis. The company assembled the information shown below for the quarter ended March 31
The Alpine House, Inc., is a large retaller of snow skis. The company assembled the information shown below for the quarter ended March 31 Sales Selling price per pair of skis Amount $ 1,353,000 $ 410 Variable selling expense per pair of skis 47 Variable administrative expense per pair of skis 19 Total fixed selling expense $ 160,000 Total fixed administrative expense 110,000 Beginning merchandise inventory $ 70,000 Ending merchandise inventory $ 120,000 Merchandise purchases $ 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? 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. Sales The Alpine huse, Inc. Traditional Income Statement Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expenses Net operating income 1,353,000 245,000 Required 2 >
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