$ 99,000 Sales Selling price per pair of stis Variable selling expense per pair of stis...
Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases ievietes Amount 860,000 430 48 18 135,000 125,000 65,000 110,000 310,000 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...
Amount $1,394,000 410 47 17 Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ $ $ $ $ 160,000 120,000 70,000 105,000 305,000 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...
Amount $ 1,302,000 420 45 Sales Selling price per pair of skis Variable selling expense per pair of ski Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 19 $ $ 135,000 105,000 70,000 110,000 290,000 $ $ 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 3. What was...
TUICIJI. Amount $ 1,100,000 440 UU 47 16 Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandige inventory Merchandise purchases $ $ $ $ $ 155,000 115,000 75,000 110,000 295,000 5:15 -k Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter...
Please answer the required questions (1,2 & 3)
Aount $1,134,000 420 49 Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 150,000 125,000 75.000 100.000 305,000 $ $ Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended...
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 989,000 430 Sales Selling price per pair of stis Variable selling expense per pair of stis Variable administrative expense per pair of stis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 140.000 105,000 75.000 100,000 320,000 $ Required: 1. Prepare a traditional Income statement for the quarter...
oter 1 Graded Homework A Saved Amount 13,000 17 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 20,000 $ 16,000 $ 10,000 $ 22,000 $ 90,000 4:54:44 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Book Hint Complete this question by entering your answers in the tabs...
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 $1,230,000 50 20 Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 150,000 105,000 75.000 115,000 280,000 $ Required: 1. Prepare a traditional income statement for...
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 $ 16 Total fixed selling expense $ 145,000 Total fixed administrative expense $ 130,000 Beginning merchandise inventory $ 60,000 Ending merchandise inventory $ 110,000 Merchandise purchases $ 310,000...
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
$
150,000
Selling price per pair of skis
$
750
Variable selling expense per pair of skis
$
50
Variable administrative expense per pair of skis
$
10
Total fixed selling expense
$
20,000
Total fixed administrative expense
$
20,000
Beginning merchandise inventory
$
30,000
Ending merchandise inventory
$
40,000
Merchandise purchases
$
100,000...