Business, 13.02.2020 20:23 george27212

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 SalesTotal sales revenue $1,032,000 Selling price per pair of skis $430 Variable selling expense per pair of skis $46 Variable administrative expense per pair of skis $19 Total fixed selling expense $140,000 Total fixed administrative expense $115,000 Beginning merchandise inventory $75,000 Ending merchandise inventory $100,000 Merchandise purchases $295,000 Required: a. Prepare a traditional income statement for the quarter ended March 31. b. Prepare a contribution format income statement for the quarter ended March 31. c. What was the contribution margin per unit?

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