The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter. ended March 31: Balen Selling price per pair of sk Variable selling expense per pair of ski Variable administrative expense per pair of skis Total fised selling expense Total fixed administrative expense Beginning nerchandise inventory Ending merchandise inventory Merchandise purchases Amount $1,125,000 $450 48 $19 160,000 $125,000 $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
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Chapter1: Financial Statements And Business Decisions
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Beginning merchandise inventory
Ending merchandise inventory
Merchandise purchases
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 3
Seved
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
What was the contribution margin per unit?
Note: Round your final answer to nearest whole dollar.
Contribution margin per unit
$70,000
$110,000
$285,000
< Required 2
Transcribed Image Text:Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 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 3 Seved Complete this question by entering your answers in the tabs below. Required 1 Required 2 What was the contribution margin per unit? Note: Round your final answer to nearest whole dollar. Contribution margin per unit $70,000 $110,000 $285,000 < Required 2
1
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 ski
Variable selling expense per pair of skin
Variable administrative expense per pair of skis
Total fixed selling expense
Total fixed administrative expense
Beginning nerchandise inventory
Ending merchandise inventory
Harchandise purchases
Amount
$1,125,000
$450
$48
$19
160,000
$125,000
$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?
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Transcribed Image Text:1 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 ski Variable selling expense per pair of skin Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning nerchandise inventory Ending merchandise inventory Harchandise purchases Amount $1,125,000 $450 $48 $19 160,000 $125,000 $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? Answer is not complete. Complete this question by entering your answers in the tabs below.
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