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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: Amount

The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:

Amount
Sales $ 861,000
Selling price per pair of skis $ 410
Variable selling expense per pair of skis $ 47
Variable administrative expense per pair of skis $ 20
Total fixed selling expense $ 135,000
Total fixed administrative expense $ 105,000
Beginning merchandise inventory $ 75,000
Ending merchandise inventory $ 115,000
Merchandise purchases $ 315,000

Required (Hint: there are more lines than you need in the tables below - some lines will remain blank):

1. Prepare a traditional income statement for the quarter ended March 31. (Hints: (1) you will need to calculate the number of units from the sales information above; (2) if you don't remember how to calculate Cost of Goods Sold from the information above, see p. 43 in your book.)

2. Prepare a contribution format income statement for the quarter ended March 31.

3. What was the contribution margin per unit?

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