FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:The Alpine House, Incorporated, is a large retailer of snow skls. The company assembled the Information shown below for the quarter
ended March 31:
Sales
Selling price per pair of skis
Variable selling expense per pair of skis
Variable administrative expense per pair of skis
Total fixed selling expense
Total fixed administrative expense
Beginning merchandise inventory
Ending merchandise inventory
Merchandise purchases
Amount
$ 1,100,000
$ 440
$ 50
$17
$ 150,000
$ 125,000
$ 75,000
$ 115,000
$ 305,000
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 margin per unit?
K
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