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The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount $1,247,000 430 47 Total sales revenue Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 17 145,000 105,000 $ 65,000 $ 105,000 $ 320,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc. Traditional Income Statement Sales $ 1,247,000 280,000 967,000 Cost of goods sold Gross margin Selling and administrative expenses: Administrative expenses Selling expenses Net operating income The Alpine House, Inc. Contribution Format Income Statement Sales $ 1,247,000 Variable expenses: Cost of goods sold 280,000 Selling expenses 136,300 Administrative expenses 49,300 465,600 Contribution margin Fixed expenses: Administrative expenses Selling expenses 105,000 145,000 250,000 Net operating income 3. What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter? (Round your final answer to nearest whole dollar amount.) Contribution of each pair of skis was
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