The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:
|Selling price per pair of skis||$||410|
|Variable selling expense per pair of skis||$||49|
|Variable administrative expense per pair of skis||$||17|
|Total fixed selling expense||$||135,000|
|Total fixed administrative expense||$||105,000|
|Beginning merchandise inventory||$||70,000|
|Ending merchandise inventory||$||110,000|
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 margin per unit? Get Accounting Homework Help Today