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The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the qua ended March 31:
The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the qua ended March 31: Sales Selling price per pair of skis Variable selling expense per pair of skis Variable adrinistrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: Amount $ 1,247,000 $ 430 $ 49 $ 17 $ 130,000 $ 120,000 $ 70,000 $ 115,000 $285,000 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? Answer is complete but not entirely correct. 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, The Alpine House, Incorporated Traditional Income Statement Sales 15 1,040,000 Cost of goods sold 230,000 Gross margin 81,000 Selling and administrative expenses: Selling expenses $ 272,000 Administrative expenses 179,400 Net operating income 451,400 $ 8,000 x Required 2 > Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Incorporated Contribution Format Income Statement Sales Variable expenses Cost of goods sold Selling expenses Administrative expenses Variable manufacturing overhead 230,000 117,000 49,400x Contribution margin Fixed expenses: Selling expenses 155.000 Administrative expenses 130,000 x $ 1,040,000 396,400 643,600 285,000 Net operating income $ 358,600) < Required 1 Required 3> Required 1 Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit 248x < Required 2 Paquing S
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