Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements [LO1-6] The Alpine House, Incorporated, is a

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Exercise 1 15 Algo Traditional And Contribution Format Income Statements Lo1 6 The Alpine House Incorporated Is A 1 (30.72 KiB) Viewed 8 times

Exercise 1 15 Algo Traditional And Contribution Format Income Statements Lo1 6 The Alpine House Incorporated Is A 2 (60.2 KiB) Viewed 8 times

Exercise 1 15 Algo Traditional And Contribution Format Income Statements Lo1 6 The Alpine House Incorporated Is A 3 (59.97 KiB) Viewed 8 times

Exercise 1 15 Algo Traditional And Contribution Format Income Statements Lo1 6 The Alpine House Incorporated Is A 4 (66.64 KiB) Viewed 8 times

Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements [LO1-6] 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 $ 1,050,000 $ 420 $ 49 $ 15 $ 150,000 Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional incrans Statement $ 120,000 $ 65,000 $ 110,000 $ 295,000 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 Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses < Required d $ 1,050,000 250,000 800,000 Required 2 >
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: Fixed expenses: < Required 1 0 0 Required 3 > 4
Total 4108 exp Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 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 $ 150,000 $ 120,000 $ 65,000 $ 110,000 $ 295,000 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit < Required 2 Required