Assume you are hosting a gathering for 20-25 people. What are five activities that might be in your work breakdown structure? Please number these and give them in order of what would happen first, second, etc. Which of these activities do you believe to be most important and why?
In: Operations Management
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?
In: Accounting
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
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?
In: Accounting
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 |
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?
In: Accounting
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
Required: A. Prepare a traditional income statement for the quarter ended March 31.
B. Prepare a contribution format income statement for the quarter ended March 31.
C. What was the contribution margin per unit?
In: Accounting
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 |
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?
In: Accounting
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 |
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?
In: Accounting
he 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 | $ | 1,066,000 |
| Selling price per pair of skis | $ | 410 |
| Variable selling expense per pair of skis | $ | 47 |
| Variable administrative expense per pair of skis | $ | 18 |
| Total fixed selling expense | $ | 155,000 |
| Total fixed administrative expense | $ | 120,000 |
| Beginning merchandise inventory | $ | 75,000 |
| Ending merchandise inventory | $ | 115,000 |
| Merchandise purchases | $ | 310,000 |
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?
In: Accounting
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 |
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?
In: Accounting
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 $ 1,435,000 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 $ 115,000 Beginning merchandise inventory $ 65,000 Ending merchandise inventory $ 110,000 Merchandise purchases $ 290,000 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?
In: Accounting