options : Administrative expenses Beginning merchandise inventory Cost of goods sold Direct labor Direct materials Ending merchandise
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Administrative expenses
Beginning merchandise inventory
Cost of goods sold
Direct labor
Direct materials
Ending merchandise inventory
Fixed manufacturing overhead
Indirect labor
Indirect materials
Manufacturing overhead
Purchases
Sales
Selling expenses
Variable manufacturing overhead
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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 skis 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 1,462,000 $ 430 $48 Sales Variable expenses: Cost of goods sold Selling expenses Administrative expenses 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? Contribution margin Fixed expenses: $20 $ 145,000 $ 125,000 Complete this question by entering your answers in the tabs below. < Required 1 $ 80,000 $ 120,000 $ 285,000 Required Required Required 1 2 3 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Incorporated Contribution Format Income Statement $ $ 1,462,000 0 0 Required 3 > 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 skis 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 1,462,000 $ 430 $48 Sales Variable expenses: Cost of goods sold Selling expenses Administrative expenses 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? Contribution margin Fixed expenses: $20 $ 145,000 $ 125,000 Complete this question by entering your answers in the tabs below. < Required 1 $ 80,000 $ 120,000 $ 285,000 Required Required Required 1 2 3 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Incorporated Contribution Format Income Statement $ $ 1,462,000 0 0 Required 3 >
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ANSWER The Alpine House Incorporated 1 Traditional Income Statement For the Quarter Ended March 31 S... View the full answer
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