BUS 215 - Chapter 2 In Class exercise #2b The Alpine House, Inc., is a large retailer (purchases finished goods from a wholesaler and sells them to the public, so has no Conversion Costs) of snow skis. The company assembled the information shown below for the quarter ended March 31: Total sales revenue Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount $ 150,000 $ 750 $ 50 $ 10 $ 20,000 $ 20,000 $ 30,000 $ 40,000 S 100,000 1. Calculate Cost of Goods Sold for Alpine House 2. Prepare a traditional income statement for the quarter ended March 31 3. Prepare a contribution format income statement for the quarter ended March 31. 4. What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter