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The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the...

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Accounting

The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:
Amount
Sales $ 1,075,000
Selling price per pair of skis $ 430
Variable selling expense per pair of skis $ 46
Variable administrative expense per pair of skis $ 18
Total fixed selling expense $ 160,000
Total fixed administrative expense $ 100,000
Beginning merchandise inventory $ 80,000
Ending merchandise inventory $ 115,000
Merchandise purchases $ 295,000
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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