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

AmountSales$ 1,107,000Selling price per pair of skis$ 410Variable selling expense per pair of skis$ 46Variable administrative expense per pair of skis$ 18Total fixed selling expense$ 135,000Total fixed administrative expense$ 120,000Beginning merchandise inventory$ 70,000Ending merchandise inventory$ 110,000Merchandise purchases$ 290,000

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?

Prepare a traditional income statement for the quarter ended March 31.

The Alpine House, IncorporatedTraditional Income StatementSales $1,107,000Cost of goods sold 250,000Gross margin 857,000Selling and administrative expenses: Selling expenses Administrative expenses 0Net operating income

The Alpine House, IncorporatedContribution Format Income Statement Variable expenses: 0 Fixed expenses: 0

Contribution margin per unit