question archive The Alpine House, Inc
The Alpine House, Inc
Subject:AccountingPrice: Bought3
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 Sales in units Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total foxed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount $ 166,400 208 pairs 800 $ 42 $ 10 S 23,000 $ 28,000 40,000 $ 30,000 $ 115,000 Note: to calculate COGS you will need to use the following equation: Beg Merch. Inventory ? + Merch. Purchases - End Merch Inventory. COGS is a variable expense. 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?
