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

Expert Solution


Related 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...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT