Question
In: Accounting
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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 | ||
| Sales | $ | 1,118,000 |
| Selling price per pair of skis | $ | 430 |
| Variable selling expense per pair of skis | $ | 47 |
| Variable administrative expense per pair of skis | $ | 20 |
| Total fixed selling expense | $ | 145,000 |
| Total fixed administrative expense | $ | 115,000 |
| Beginning merchandise inventory | $ | 80,000 |
| Ending merchandise inventory | $ | 115,000 |
| Merchandise purchases | $ | 315,000 |
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?
Solutions
ekkarill92 answered 3 years agoRelated Solutions
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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
Sales
$
861,000
Selling price per pair of skis
$
410
Variable selling expense per pair of skis
$
47
Variable administrative expense per pair of skis
$
17
Total fixed selling expense
$
130,000
Total fixed administrative expense
$
105,000
Beginning merchandise inventory
$
70,000
Ending merchandise inventory
$
110,000
Merchandise purchases
$
290,000
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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 Sales $ 1,050,000
Selling price per pair of skis $ 420
Variable selling expense per pair of skis $ 46
Variable administrative expense per pair of skis $ 16
Total fixed selling expense $ 150,000
Total fixed administrative expense $ 125,000
Beginning merchandise inventory $ 70,000
Ending merchandise inventory $ 115,000
Merchandise purchases $ 295,000...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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
Sales
$
1,376,000
Selling price per pair of skis
$
430
Variable selling expense per pair of skis
$
47
Variable administrative expense per pair of skis
$
15
Total fixed selling expense
$
150,000
Total fixed administrative expense
$
110,000
Beginning merchandise inventory
$
70,000
Ending merchandise inventory
$
110,000
Merchandise purchases
$
295,000...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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
Sales
$
946,000
Selling price per pair of skis
$
430
Variable selling expense per pair of skis
$
48
Variable administrative expense per pair of skis
$
17
Total fixed selling expense
$
130,000
Total fixed administrative expense
$
130,000
Beginning merchandise inventory
$
70,000
Ending merchandise inventory
$
120,000
Merchandise purchases
$
280,000...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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 Sales $ 1,394,000 Selling price per pair of skis $
410 Variable selling expense per pair of skis $ 48 Variable
administrative expense per pair of skis $ 16 Total fixed selling
expense $ 135,000 Total fixed administrative expense $ 110,000
Beginning merchandise inventory $ 65,000 Ending merchandise
inventory $ 105,000 Merchandise purchases $ 315,000...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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
Sales
$
1,320,000
Selling price per pair of skis
$
400
Variable selling expense per pair of skis
$
46
Variable administrative expense per pair of skis
$
15
Total fixed selling expense
$
155,000
Total fixed administrative expense
$
125,000
Beginning merchandise inventory
$
80,000
Ending merchandise inventory
$
120,000
Merchandise purchases
$
315,000...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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
Sales
$
1,408,000
Selling price per pair of
skis
$
440
Variable selling expense per
pair of skis
$
50
Variable administrative expense
per pair of skis
$
16
Total fixed selling expense
$
150,000
Total fixed administrative
expense
$
115,000
Beginning merchandise
inventory
$
75,000
Ending merchandise
inventory
$
115,000
Merchandise purchases
$
285,000...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
The Alpine House, Inc., is a large retailer of snow skis. The
company assembled the information shown below for the quarter ended
March 31:
Sales $ 1,271,000
Selling price per pair of skis $ 410
Variable selling expense per pair of skis $ 50
Variable administrative expense per pair of skis $ 18
Total fixed selling expense $ 150,000
Total fixed administrative expense $ 125,000
Beginning merchandise inventory $ 65,000
Ending merchandise inventory $ 115,000
Merchandise purchases $ 290,000
Required:...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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
Sales
$
861,000
Selling price per pair of skis
$
410
Variable selling expense per pair of skis
$
49
Variable administrative expense per pair of skis
$
18
Total fixed selling expense
$
150,000
Total fixed administrative expense
$
130,000
Beginning merchandise inventory
$
75,000
Ending merchandise inventory
$
110,000
Merchandise purchases
$
295,000...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
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
Sales
$
1,025,000
Selling price per pair of skis
$
410
Variable selling expense per pair of skis
$
49
Variable administrative expense per pair of skis
$
18
Total fixed selling expense
$
150,000
Total fixed administrative expense
$
110,000
Beginning merchandise inventory
$
65,000
Ending merchandise inventory
$
115,000
Merchandise purchases
$
285,000...
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