Please do not give solution in image format thanku Required 1 Required 2Prepare a traditional income statement for the quarter ended March 31.The Alpine House, IncorporatedTraditional Income StatementSalesCost of goods soldGross marginSelling and administrative expenses:Selling expensesAdministrative expensesBeginning merchandise inventoryEnding merchandise inventoryNet operating incomeRequired 1Required 3SalesVariable expenses:Selling expensesAdministrative expensesVariable manufacturing overheadContribution marginFixed expenses:Fixed manufacturing overheadSelling expensesAdministrative expensesSinipiets and teavi by enemmy your answers in the love peiuw.Fixed manufacturing overheadNet operating incomeSRequired 1 Required 2Required 2 Required 3Prepare a contribution format income statement for the quarter ended March 31.The Alpine House, IncorporatedContribution Format Income Statement294,400162,000< Required 1Required 3S1,218,000375,000843,000Complete this question by entering your answers in the tabs below.< Required 2456,400Required 2 >What was the contribution margin per unit? (Round your final answer to nearest whole dollar.)ontribution margin per unitRequired 3 > 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$ 1,218,000$ 420$48$15$ 160,000$120,000$ 75,000$100,000$ 300,000Required: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?

Name: Please do not give solution in image format thanku Required 1 Required
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Please do not give solution in image format thanku Required 1 Required 2Prepare a traditional income statement for the quarter ended March 31.The Alpine House, IncorporatedTraditional Income StatementSalesCost of goods soldGross marginSelling and adm

Income statement is one of the financial statements that shows profitability, total revenue and…

Business

Accounting

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 $ 1,218,000 $ 428 $48 $15 $ 160,000 $ 120,000 $ 75,000 $ 100,000 $ 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?