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The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...

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Accounting

The Alpine House, Inc., is a large retailer of snow skis. Thecompany assembled the information shown below for the quarter endedMarch 31:

Amount
Sales$1,496,000
Selling priceper pair of skis$440
Variable sellingexpense per pair of skis$50
Variableadministrative expense per pair of skis$18
Total fixedselling expense$145,000
Total fixedadministrative expense$105,000
Beginningmerchandise inventory$70,000
Endingmerchandise inventory$105,000
Merchandisepurchases$300,000

Required:

1. Prepare a traditional income statement for the quarter endedMarch 31.

2. Prepare a contribution format income statement for thequarter ended March 31.

3. What was the contribution margin per unit?

Answer & Explanation Solved by verified expert
3.6 Ratings (411 Votes)
No of units sold 1496000    See Answer
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