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 purchasesRequired 1 Required 2 Required 3Amount$ 1,012,000$ 440Required: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.Selling and administrative expenses$ 135,000$ 115,000$ 65,000$ 115,000.$ 280,000Prepare a traditional income statement for the quarter ended March 31.The Alpine House, IncorporatedTraditional Income StatementPray$ 46$15.3 nr 3#Navt esThe Alpine House, Incorporated, is a large retailer of snow skis, The company assembled the information shown below for the quarterended March 31:SalesSelling price per pair of skisVariable selling expense per pair of skisVariable administrative expense per pair of skis:Total fixed selling expenseTotal fixed administrative expenseBeginning merchandise inventoryEnding merchandise inventoryMerchandise purchasesRequired:1. Prepare a traditional income statement for the quarter ended March 31.Required 1 Required 2 Required 32. Prepare a contribution format income statement for the quarter ended March 31.3. What was the contribution margin per unit?Complete this question by entering your answers in the tabs below.Variable expenses:Fixed expensesAmount$ 1,012,000Prepare a contribution format income statement for the quarter ended March 31.The Alpine House, IncorporatedContribution Format Income Statement$.46$15SalesSelling price per pair of skisVariable selling expense per pair of skisVariable adninistrative expense per pair of skis$ 135,000$ 115,000$ 65,000$ 115,000$ 280,000Total fixed selling expenseTotal fixed administrative expenseBeginning merchandise inventoryEnding merchandise inventoryMerchandise purchasesThe Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarterended March 31Required 1 Required 2 Required 3(Required 2Amount$ 1,012,000$ 4405:46$ 15$ 135,000$ 115,000Required: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?$ 65,000$ 115,000$ 280,000Complete 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

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

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 $ 1,012,000 Required 1 $ 440 $ 46 $15. 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? Required 2 Required 31 $ 135,000 $ 115,000 $ 65,000 $ 115,000. $ 280,000 Complete this question by entering your answers in the tabs below.

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 $ 1,012,000 Required 1 $ 440 $ 46 $15. 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? Required 2 Required 31 $ 135,000 $ 115,000 $ 65,000 $ 115,000. $ 280,000 Complete this question by entering your answers in the tabs below.

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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