The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information sho March 31: Amount Sales $1,188,000 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 440 48 $ $ 145,000 $ 110,000 80,000 110,000 %24 15 320,000 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? 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 Pealee Fei TAR Onnl nces The Alpine House, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin $ 1,188,000 290,000 898,000 Selling and administrative expenses: Selling expenses Administrative expenses quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: Required 1 Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest who Contribution margin per unit < Required 2 Required 3> The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information sho March 31: Amount Sales $1,188,000 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 440 48 $ $ 145,000 $ 110,000 80,000 110,000 %24 15 320,000 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? 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 Pealee Fei TAR Onnl nces The Alpine House, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin $ 1,188,000 290,000 898,000 Selling and administrative expenses: Selling expenses Administrative expenses quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: Required 1 Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest who Contribution margin per unit < Required 2 Required 3>
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Required 1 The Alpine House Inc Traditional Income Statement Sales 1188000 Cost of goods sold 290000 Gross margin 898000 Selling and administrative ex... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0077522940
15th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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