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$ 150,000Selling price per pair of skis$ 750Variable selling expense per pair of skis$ 50Variable administrative expense per pair of skis$ 10Total fixed selling expense$ 20,000Total fixed administrative expense$ 20,000Beginning merchandise inventory$ 30,000Ending merchandise inventory$ 40,000Merchandise purchases$ 100,000

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?