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 $ 903,000 $430 $49 $10 $ 155,000 $ 120,000 $ 65,000 $ 100,000 $ 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 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 $ 903,000 $430 $49 $10 $ 155,000 $ 120,000 $ 65,000 $ 100,000 $ 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?
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6EB: Langstons purchased $3,100 of merchandise during the month, and its monthly income statement shows a...
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![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
Selling and administrative expenses:
Variable expenses:
<Required 1
Prepare a contribution format income statement for the quarter ended March 31.
The Alpine House, Incorporated
Contribution Format Income Statement
Fixed expenses:
Required 2 >
< Required 1
0
Required 3 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F902b6328-d5d0-4c0b-8290-aafdf8186a48%2Fcb08d7ec-a852-49a1-9841-f10edd27d94b%2Fck5w9fb_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
Selling and administrative expenses:
Variable expenses:
<Required 1
Prepare a contribution format income statement for the quarter ended March 31.
The Alpine House, Incorporated
Contribution Format Income Statement
Fixed expenses:
Required 2 >
< Required 1
0
Required 3 >
![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 skin
Total fixed selling expense
Total fixed administrative expense
Beginning merchandise inventory
Ending merchandise inventory
Merchandise purchases
Amount
$ 903,000
$430
$49
$10
$ 155,000
$ 120,000
$ 65,000
$ 100,000.
$ 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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F902b6328-d5d0-4c0b-8290-aafdf8186a48%2Fcb08d7ec-a852-49a1-9841-f10edd27d94b%2Fr1rowpn_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 skin
Total fixed selling expense
Total fixed administrative expense
Beginning merchandise inventory
Ending merchandise inventory
Merchandise purchases
Amount
$ 903,000
$430
$49
$10
$ 155,000
$ 120,000
$ 65,000
$ 100,000.
$ 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?
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