The Alpine House, Inc., is a large retailer of snow skis. The company assembled the...
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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 $ 1,161,000 Selling price per pair of skis $ 430 Variable selling expense per pair of skis $ 48 Variable administrative expense per pair of skis $ 17 Total fixed selling expense $ 145,000 Total fixed administrative expense $ 120,000 Beginning merchandise inventory $ 75,000 Ending merchandise inventory $ 120,000 Merchandise purchases $ 305,000 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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