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The Alpine House, |ni:., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount
The Alpine House, |ni:., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount 1,452,000 440 Sales $ Selling price per pair of skis $ Variable selling expense per pair of skis $ 48 Variable administrative expense per pair of skis $ 15 Total fixed selling expense $ 135,000 Total fixed administrative expense $ 165,600 Beginning merchandise inventory $ 78,600 Ending merchandise inventory $ 115,600 Merchandise purchases $ 318,600 Required: 1_ Prepare a traditional income statement for the quarter ended March 3'1. 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 labs below. Required 1 Required 2 Required 3 L Prepare a contribution format inoome statement for the quarter ended March 31. Variable expenses: Fixed expenses
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