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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 $ 920,000
Selling price per pair of skis $ 400
Variable selling expense per pair of skis $ 47
Variable administrative expense per pair of skis $ 17
Total fixed selling expense $ 150,000
Total fixed administrative expense $ 105,000
Beginning merchandise inventory $ 75,000
Ending merchandise inventory $ 115,000
Merchandise 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?

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
Variable expenses:
0
Fixed expenses:
0

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