The Alpine House, Inc., Is a large retaller of snow skis. The company assembled the Information shown below for the quarter ended March 31: Amount Sales 946,000 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 430 49 19 15e,000 105,000 70,000 11e,000 305,e00 Requlred: 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?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The Alpine House, Inc., Is a large retaller of snow skis. The company assembled the Information shown below for the quarter ended
March 31:
Amount
sales
946,000
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
430
49
19
150,000
105,000
70,000
110,000
305,000
Requlred:
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 contribution format income statement for the quarter ended March 31.
The Alpine House, Inc.
Contribution Format Income Statement
Variable expenses:
Fixed expenses:
< Required 1
Required 3 >
Transcribed Image Text:The Alpine House, Inc., Is a large retaller of snow skis. The company assembled the Information shown below for the quarter ended March 31: Amount sales 946,000 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 430 49 19 150,000 105,000 70,000 110,000 305,000 Requlred: 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 contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: < Required 1 Required 3 >
The Alpine House, Inc., Is a large retaller of snow skis. The company assembled the Information shown below for the quarter ended
March 31:
Amount
Sales
946,000
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
430
49
19
150,000
105,000
70,000
110,000
305,000
Requlred:
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 contributlon 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
Required 3
1A 14 v
1A 1A 1A 1A 1A 14
Transcribed Image Text:The Alpine House, Inc., Is a large retaller of snow skis. The company assembled the Information shown below for the quarter ended March 31: Amount Sales 946,000 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 430 49 19 150,000 105,000 70,000 110,000 305,000 Requlred: 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 contributlon 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 Required 3 1A 14 v 1A 1A 1A 1A 1A 14
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