Question: gnment-required Saved Help Save & Exit Submit The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below
gnment-required Saved Help Save & Exit Submit The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Check my work Sales Amount $1,120,000 Selling price per pair of skis Variable selling expense per pair of skis $ 400 S 47 Variable administrative expense per pair of skis $ 20 Total fixed selling expense $ 160,000 Total fixed administrative expense $ 110,000 Beginning merchandise inventory $ 65,000 Ending merchandise inventory $ 120,000 Merchandise purchases $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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 < Prev 10 of 10 Next 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. Sales The Alpine House, Inc. Traditional Income Statement $ 1,120,000 260,000 860,000 Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Net operating income Required 2 > Complete this question by entering your answers In the tabs below. Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. Variable expenses: The Alpine House, Inc. Contribution Format Income Statement Fixed expenses: 0 10 10 Next 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 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit
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