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The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarte ended March 31:
The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarte 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 Required: Amount $ 1,364,000 $ 440 $ 48 $ 16 $ 135,000 $110,000 $ 75,000 $110,000 $ 280,000 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? 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 Cost of goods sold Gross margin The Alpine House, Incorporated Traditional Income Statement $ 1,364,000 245,000 1,119,000 Selling and administrative expenses: Selling expenses $ 283,800 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 Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses 283,800 Administrative expenses 159,600 1,364,000 245,000 1,119,000 443,400 Net operating income Required 1 Required 2 > Complete this question by entering your answers in the tabs below. 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 Contribution margin Fixed expenses: Selling expenses Administrative expenses Net operating income $ 245,000 148,800 49,600 $ 1,364,000 443,400 0 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 Required: Amount $ 1,364,000 $ 440 $ 48 $ 16 $ 135,000 $110,000 $ 75,000 $110,000 $ 280,000 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest whole dolla Contribution margin per unit < Required 2 Required 3
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