HW 1b -1

Chapter 15 - Homework 1. Algorithmic Help 3 Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements (L01-6) The Alpine House, Inc. is a large retailer of snow skls. The company assembled the information shown below for the quarter ended March 31 85 HI Sales selling price per pair of skin Variable selling expense per pair of Variable administrative expense per part of Total fixed sling expense Total fixed adinistrative expense Beginning merchandise inventory Ending merebandine faventory Merchandise purchases Amount 51.056,000 . 440 $ 48 16 $ 145,000 $ 125,000 $ 70,000 5 105.000 5 310,000 Meferences Required: 1. Prepare a traditional income statement for the quarter onded 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 Selling and administrative expenses: 0 Require Required 2 > Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Sales Variable expenses Direct materials Selling expenses Administrative expenses 0 Fixed expenses 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 doltar.) Contribution margin per unit