The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information...

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The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Sales Selling price per pair of akis 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 Amount $ 1,353,000 $ 410 $ 45 $18 $ 145,000 $ 110,000 $70,000 $ 115,000 $ 290,000 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? Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement Selling and administrative expenses: Prepare a contribution format income statement for the quarter ended March 31. Variable expenses: Fixed expenses: The Alpine House, Incorporated Contribution Format Income Statement + 0 0 The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Sales Selling price per pair of akis 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 Amount $ 1,353,000 $ 410 $ 45 $18 $ 145,000 $ 110,000 $70,000 $ 115,000 $ 290,000 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? Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement Selling and administrative expenses: Prepare a contribution format income statement for the quarter ended March 31. Variable expenses: Fixed expenses: The Alpine House, Incorporated Contribution Format Income Statement + 0 0

Answer rating: 100% (QA)

Answer 1 Traditional income statement Sales 135300... View the full answer