Reference no: EM131749663

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	$	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:

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 toward fixed expenses and profits for each pair of skis sold during the quarter?