Question: Homework Saved Help Save & Exit Check my The Alpine House, Inc. is a large retailer of snow skis. The company assembled the information shown



Homework Saved Help Save & Exit Check my The Alpine House, Inc. 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 skis Variable selling expense per pair of skis Variable administrative expense per pair of skin Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ $ $ $ S $ $ $ $ Amount 820,000 410 42 17 130,000 125.000 65,000 105,000 315.000 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc. Traditional Income Statement Sales Cost of goods sold 820,000 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 Book Prepare a traditional income statement for the quarter ended March 31. rint rences 820,000 The Alpine House, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin Seling and administrative expenses Selling expenses Administrative expenses 0 Required 2 > Required 1 Required 2 TTTTTTTTT Required 3 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Pok $ 820,000 ht Sales Variable expenses: int oncos Selling expenses Administrative expenses 0 Contribution margin Fixed expenses: Selling expenses Administrative expenses 0 Net operating income VALGUL BALLU BALL YOULONAS Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases U V $ S 17 130,000 125,000 65,000 105,000 315,000 $ $ 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? + nces 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 Required 2
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
