Business, 21.01.2021 23:10 montanolumpuy
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 $1,188,000
Selling price per pair of skis $440
Variable selling expense per pair of skis $47
Variable administrative expense per pair of skis $20
Total fixed selling expense $155,000
Total fixed administrative expense $105,000
Beginning merchandise inventory $75,000
Ending merchandise inventory $120,000
Merchandise purchases $310,000
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?
Answers: 3
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