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The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Sales
The Alpine House, Incorporated, 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 administrative expense
Beginning merchandise inventory
Ending merchandise inventory
Merchandise purchases
Amount
$ 1,189,000
$ 410
49
18
$ 155,000
$ 105,000
$ 75,000
$ 115,000
$ 295,000
Required:
- Prepare a traditional income statement for the quarter ended March 31.
- Prepare a contribution format income statement for the quarter ended March 31.
- What was the contribution margin per unit?
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