Question: The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 19



The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 19 Amount Total sales revenue $1,125,000 Selling price per pair of skis $ 450 Variable selling expense per $ 47 pair of skis Variable administrative $ expense per pair of skis Total fixed selling expense $ 135,000 Total fixed administrative $ 115,000 expense Beginning merchandise $ 75,000 inventory Ending merchandise inventory$ 110,000 Merchandise purchases $ 295,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc. Traditional Income Statement $ 1,125,000 260,000 865,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 252,500 162,500 415,000 2. Prepare a contribution format income statement for the quarter ended March 31. (Round your answer to nearest whole dollar.) The Alpine House, Inc. Contribution Format Income Statement Variable expenses Les 0 Fixed expenses 0
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