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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 $ 1,360,000 Selling price per pair of skis $400 Variable selling expense per pair of skis $ 46 Variableadministrative expense per pair of skis $ 19 Total fixed sellingexpense $ 135,000 Total fixed administrative expense $ 125,000Beginning merchandise inventory $ 75,000 Ending merchandiseinventory $ 115,000 Merchandise purchases $ 285,000 Required: 1.Prepare a traditional income statement for the quarter ended March31. 2. Prepare a contribution format income statement for thequarter ended March 31. 3. What was the contribution margin perunit?

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