Answer Happy

The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales $ 1,260,000 Selling price per pair of skis Variable selling expense per pair of skis $ 420 $45 Variable administrative expense per pair of skis. Total fixed selling expense $ 18 $ 145,000 $ 115,000 Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 70,000 $ 110,000 $ 320,000 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 3 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement Sales 1,260,000 Cost of goods sold. Gross margin Selling and administrative expenses: Selling expenses Administrative expenses
Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Incorporated Contribution Format Income Statement Variable expenses 0
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 3 What was the contribution margin per unit? (Round your final answer to nearest whole dollar) Contribution margin per unit < Required 2 Regines >