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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 $1189000 Selling price per pair of

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 $ 1,189,000
Selling price per pair of skis $ 410
Variable selling expense per pair of skis $ 49
Variable administrative expense per pair of skis $ 19
Total fixed selling expense $ 150,000
Total fixed administrative expense $ 120,000
Beginning merchandise inventory $ 80,000
Ending merchandise inventory $ 105,000
Merchandise purchases $ 300,000

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?

Jun 25 2020 View more View Less

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