Please do not give solution in image format thanku The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarterended March 31:SalesSelling price per pair of skisVariable selling expense per pair of skisVariable administrative expense per pair of skisTotal fixed selling expenseTotal fixed administrative expenseBeginning merchandise inventoryEnding merchandise inventoryMerchandise purchasesAmount$ 1,240,000$ 400$ 49$17$ 145,000$ 110,000$ 70,000$ 110,000$285,000Required:1. Prepare a traditional income statement for the quarter ended March 312. Prepare a contribution format income statement for the quarter ended March 313. What was the contribution margin per unit? Complete this question by entering your answers in the tabs below.Required 1 Required 2Prepare a traditional income statement for the quarter ended March 31.The Alpine House, IncorporatedTraditional Income StatementSelling and administrative expensesRequired 3Required 1 Required 2 Required 3Variable expenses:Fixed expenses.Prepare a contribution format income statement for the quarter ended March 31.The Alpine House, IncorporatedContribution Format Income Statementchuing merchandise inventoryMerchandise purchasesRequired 1 Required 20< Required 1Required 2 >Required 300Required 3 >Required:1. Prepare a traditional income statement for the quarter ended March 31.2. Prepare a contribution format income statement for the quarter ended March 31.3. What was the contribution margin per unit?$ 110,000$ 285,000Complete this question by entering your answers in the tabs below.What was the contribution margin per unit? (Round your final answer to nearest whole dollar.)Contribution margin per unit

contribution margin is the amount of revenue which is calculated after deducting all variable…

The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the q 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 $1,240,000 $ 400 $ 49 $ 17 $ 145,000 $ 110,000 $ 70,000 $ 110,000 $285,000 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?

The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the q 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 $1,240,000 $ 400 $ 49 $ 17 $ 145,000 $ 110,000 $ 70,000 $ 110,000 $285,000 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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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