Question
In: Accounting
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the in...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the in March 31 Sales $ 1,161.000 Selling price per pair of skis $430 Variable selling expense per pair of skis $ 46 Variable administrative expense per pair of skis $ 19 Total fixed selling expense $140,000 Total fixed administrative expense $100,000 Beginning Merchandise inventory $ 75.000 Ending Merchandise Inventory $115,000 Merchandise Purchase $315,000 1 Prepare a traditional income statement for the quarter ended March 31 2 -Prepare a contribution format format income statement for the quarter ended March 31 3 -What was the contribution margin per unit?
Solutions
ekkarill92 answered 1 year 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
$
1,118,000
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...
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...
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