The Alpine House, INC., is a large retailer of snow skis.
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 | $ | 1,350,000 |
| Selling price per pair of skis | $ | 450 |
| 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 | $ | 115,000 |
| Beginning merchandise inventory | $ | 75,000 |
| 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?
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
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 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 Amount 984,000 410 46 19 145,000 105,000 65,000 115,000 315,000 $ Required: 1. Prepare a traditional income statement for...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 12.5 points ՄԴ Մ Մ Skipped Մ Amount $ 1,350,000 450 46 17 135,000 110,000 $ 80,000 $ 115,000 $ 315,000 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...
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 $1,032,000 430 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 merchandise inventory Merchandise purchases $ 135,000 $ 125,000 $ 80,000 $ 115,000 $ 315,000 Required: 1. Prepare a...
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 $1,200,000 400 45 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 $ $ $ $ $ 140,000 115,000 75,800 120,000 290,000 Required: 1. Prepare a traditional...
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 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 Amount $ 1,364,000 440 50 18 155,000 $ 105,000 $ 80,000 $ 115,000 $ 300,000 Required: 1. Prepare a...
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 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 $1,271,000 410 4 6 18 $ 140,000 $ 125,000 $ 70,000 $ 110,000 $ 315,000 Required 1. Prepare...
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:
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: ਦੀ Amount $1.032,000 430 ਦੀ 46 ਬੀ ਦੀ Total sales revenue Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total...
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 $ 1,344,000 Selling price per pair of skis $ 420 Variable selling expense per pair of skis $ 48 Variable administrative expense per pair of skis $ 17 Total fixed selling expense $ 155,000 Total fixed administrative expense $ 125,000 Beginning merchandise inventory $ 70,000 Ending merchandise inventory $ 110,000 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 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 $ 1,075,000 430 46 19 $150,000 $ 115,000 $65,800 $ 105,000 315,e00 Required 1. Prepare a traditional income...
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 $ 1,012,000 Selling price per pair of skis $ 440 Variable selling expense per pair of skis $ 47 Variable administrative expense per pair of skis $ 15 Total fixed selling expense $ 145,000 Total fixed administrative expense $ 105,000 Beginning merchandise inventory $ 65,000 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 shown below for the quarter ended March 31: 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 Amount 984,000 410 46 19 145,000 105,000 65,000 115,000 315,000 $ 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: 12.5 points ՄԴ Մ Մ Skipped Մ Amount $ 1,350,000 450 46 17 135,000 110,000 $ 80,000 $ 115,000 $ 315,000 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...
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 $1,032,000 430 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 merchandise inventory Merchandise purchases $ 135,000 $ 125,000 $ 80,000 $ 115,000 $ 315,000 Required: 1. Prepare a...
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 $1,200,000 400 45 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 $ $ $ $ $ 140,000 115,000 75,800 120,000 290,000 Required: 1. Prepare a traditional...
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 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 Amount $ 1,364,000 440 50 18 155,000 $ 105,000 $ 80,000 $ 115,000 $ 300,000 Required: 1. Prepare a...
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 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 $1,271,000 410 4 6 18 $ 140,000 $ 125,000 $ 70,000 $ 110,000 $ 315,000 Required 1. Prepare...
The Alpine House, Inc., is a large retailer of snow skis. The
company assembled the information shown below for the quarter ended
March 31:
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: ਦੀ Amount $1.032,000 430 ਦੀ 46 ਬੀ ਦੀ Total sales revenue Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total...
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 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 $ 1,075,000 430 46 19 $150,000 $ 115,000 $65,800 $ 105,000 315,e00 Required 1. Prepare a traditional income...
Most questions answered within 3 hours.
-
What would you expect the observed boiling point to be at 10
torrs of a liquid...
asked 2 minutes ago -
write a javascript jquery code to display calendar and let it be
sticked on the textbox...
asked 10 minutes ago -
A Call Spread is
A.
The simultaneous purchase of a call and
sale of a put...
asked 9 minutes ago -
In response to concerns about a future recession, the government
decides to give consumers a tax...
asked 11 minutes ago -
Experimental studies of cancer often use strains of animals that
have a naturally high incidence of...
asked 17 minutes ago -
Sociology Question Emile Durkheim
What role does mass media play in the lives of contemporary
citizens?...
asked 21 minutes ago -
Why would you silence gene expression for both wild-type and
mutants? I am on a question...
asked 30 minutes ago -
While all of the elements below are helpful, Booth et al. (2008)
emphasize that it is...
asked 35 minutes ago -
2. Use the three-step method to analyze the effects of the event
on the equilibrium price...
asked 35 minutes ago -
Draw a Venn diagram of three domains of life and explain.
asked 39 minutes ago -
In testing a new drug, researchers found that 5% of all patients
using it will have...
asked 1 hour ago -
List the six general types of information management systems,
and give one logistics application to each...
asked 59 minutes ago