Question
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 $ 1,012,000
Selling price per pair of skis $ 440
Variable selling expense per pair of skis $ 49
Variable administrative expense per pair of skis $ 18
Total fixed selling expense $ 140,000
Total fixed administrative expense $ 120,000
Beginning merchandise inventory $ 75,000
Ending merchandise inventory $110,000
merchandise purchases $285,000
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?
Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the quarter ended March 31. 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? Complete this question by entering your answers in the tabs below. Prepare a traditional income statement for the quarter ended March 31. Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement for the quarter ended March 31. 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? Complete this question by entering your answers in the tabs below. Prepare a traditional income statement for the quarter ended March 31
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