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 $ 880,000
selling price per pair of skis $ 400
variable selling expense per pair of skis $ 49
variable administrative expense per pair of skis $ 15
total fixed selling expense $ 145,000
total fixed administrative expense $ 110,000
beginning merchandise inventory $ 75,000
ending merchandise inventory $ 120,000
merchandise purchases $ 285,000
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?