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3 The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:
3 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 $ 1,189,000 Selling price per pair of skis $ 410 Variable selling expense per pair of skis $ 48 $ 18 Variable administrative expense per pair of skis Total fixed selling expense $ 140,000 Total fixed administrative expense $ 105,000 Beginning merchandise inventory $ 60,000 Ending merchandise inventory $ 120,000 Merchandise purchases $ 315,000 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? 10 points 04:05:55 3 10 points 04:05:26 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 $ 1,189,000? Cost of goods sold 250,000 x Gross margin 857,000 X Selling and administrative expenses: Selling expenses Administrative expenses 145,046 Net operating income 333 ? ?
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