Business, 06.06.2020 21:58 19greenlymoos

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales$1,260,000 Selling price per pair of skis$450 Variable selling expense per pair of skis$50 Variable administrative expense per pair of skis$19 Total fixed selling expense$155,000 Total fixed administrative expense$105,000 Beginning merchandise inventory$70,000 Ending merchandise inventory$105,000 Merchandise purchases$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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