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Crazy Canucks is a small, family-owned retailer specializing in alpine ski and snowboard equipment located...

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Accounting

Crazy Canucks is a small, family-owned retailer specializing in alpine ski and snowboard equipment located in Squamish, B.C. An income statement for the ski departments most recent month is shown below.
CRAZY CANUCKS
Income StatementCrazy Canucks
For the Month Ended January 31Sales$327,000Cost of goods sold196,200Gross margin130,800Selling and administrative expenses:Selling expenses$65,400Administrative expenses21,80087,200Operating income$43,600
Skis sell, on average, for $1,500 per pair. Variable selling expenses are $168 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 20% variable and 80% fixed. The company purchases its skis from several suppliers at an average cost of $900 per pair.
Required:
1. Prepare an income statement for the month using the contribution approach.
have number 1 completed need help with 2 and 3
2. For every pair of skis sold during January, what was the contribution toward covering fixed expenses and toward earning profits?
3. What would the total contribution margin be in a month where 168 pairs of skis were sold?

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