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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 | $ | 1,312,000 |
| Selling price per pair of skis | $ | 410 |
| Variable selling expense per pair of skis | $ | 49 |
| Variable administrative expense per pair of skis | $ | 20 |
| Total fixed selling expense | $ | 140,000 |
| Total fixed administrative expense | $ | 105,000 |
| Beginning merchandise inventory | $ | 65,000 |
| Ending merchandise inventory | $ | 100,000 |
| Merchandise purchases | $ | 310,000 |
| |
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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