Reference no: EM132794763
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 $150,000
Selling price per pair of skis $750
Variable selling expense per pair of skis $50
Variable administrative expense per pair of skis $10
Total fixed selling expense $20,000
Total fixed administrative expense $20,000
Beginning merchandise inventory $30,000
Ending merchandise inventory $40,000
Merchandise purchases $100,000
Required:
Problem 1. traditional income statement for the quarter ended March 31.
Problem 2. contribution format income statement for the quarter ended March 31.
Problem 3. What was the contribution margin per unit?
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