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undefined 7 The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March
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7 The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 1 points Sales 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 LAAAAAAAAA Amount $ 1,394,000 410 46 16 150,000 100,000 60,000 115,000 315,000 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? 7 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? 1 points Answer is not complete. 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, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 1,394,000 260,000 1,134,000 0 Net operating income Required 1 Required 2 > 7 Answer is not complete. Complete this question by entering your answers in the tabs below. 1 points Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. $ 1,394,000 The Alpine House, Inc. Contribution Format Income Statement Sales Variable expenses Cost of goods sold Selling expenses Administrative expenses 0 Contribution margin Fixed expenses Selling expenses Administrative expenses 0 Net operating income Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unitStep by Step Solution
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