Contribution format income statement for the quarter ended

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Reference no: EM131204997

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 Total sales revenue $840,000 Selling price per pair of skis $420 Variable selling expense per pair of skis $ 46 Variable administrative expense per pair of skis $ 18 Total fixed selling expense$145,000 Total fixed administrative expense$100,000 Beginning merchandise inventory $ 65,000 Ending merchandise inventory$120,000 Merchandise purchases$290,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31.. Prepare a contribution format income statement for the quarter ended March 31. (Round your answer to nearest whole dollar.) 3. What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter? (Round your answer to the nearest whole dollar.)

Reference no: EM131204997

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