Order
Toll-free 24/7:
+1(785)301-4424
Order

[SOLVE] Question & Answer: The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter end…..

Author: Client Uploads
February 16th, 2022

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 Total sales revenue Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fioxed selling expense $ 861,000 410 45 17 $ 155,000 $ 105,000 $ 65,000 $ 105,000 $315,000 Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: a. Prepare a traditional income statement for the quarter ended March 31 The Alpine House, Inc. Traditional Income Statement Selling and administrative expenses b. Prepare a contribution format income statement for the quarter ended March 31. (Round your answer to nearest whole dollar. The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses c. What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter? (Round your answer to the nearest whole dollar.) Contribution of each pair of skis was

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Prepare a traditional income statement for the quarter ended March 31. Prepare a contribution format income statement for the quarter ended March 31. (Round your answer to nearest whole dollar.) What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter? (Round your answer to the nearest whole dollar.)

Struggling to find relevant content? Order a custom essay on
[SOLVE] Question & Answer: The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter end…..
Let our experts save you the hassle
Order Now

Expert Answer

a.

The Alpine House, Inc.
Traditional Income Statement
Sales revenue 861000
Cost of goods sold 275000
Gross profit 586000
Selling and administrative expenses:
Variable selling expenses (2100 x $45) 94500
Fixed selling expenses 155000
Variable administrative expenses (2100 x $17) 35700
Fixed administrative expenses 105000 390200
Net income 195800

b.

The Alpine House, Inc.
Contribution Format Income Statement
Sales revenue 861000
Variable expenses:
Cost of goods sold 275000
Selling expenses 94500
Administrative expenses 35700 405200
Contribution margin 455800
Fixed expenses:
Selling expenses 155000
Administrative expenses 105000 260000
Net income 195800

c. Contribution toward fixed expenses and profits for each pair of skis sold during the quarter = Contribution margin / Number of pairs of skis sold = $455800 / 2100 pairs = $217

Calculations:

Number of pairs of skis sold = Total sales revenue / Selling price per pair of skis = $861000 / 410 = 2100 pairs

Cost of goods sold:

Beginning merchandise inventory 65000
Add Merchandise purchases 315000
Cost of goods available for sale 380000
Less Ending merchandise inventory 105000
Cost of goods sold 275000

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with GPA Fix
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Human Resources Management (HRM)
Thanks for the paper.
Customer 452701, September 15th, 2023
Social Work and Human Services
Great Work!
Customer 452587, March 16th, 2022
Nursing
Great! Thanks again!
Customer 452707, July 4th, 2022
Psychology
The paper is well written and professional. I highly recommend
Customer 452485, August 22nd, 2021
Other
Awesome Work!
Customer 452587, February 24th, 2022
Criminal Justice
Excellent Work!!!
Customer 452587, March 10th, 2022
Nursing
Always perfect! Thank you!!!
Customer 452453, April 15th, 2021
Ethics
thank you
Customer 452493, March 15th, 2021
Human Resources Management (HRM)
Great Paper!
Customer 452701, August 1st, 2023
Social Work and Human Services
Thank you
Customer 452559, July 2nd, 2021
Education
Thank you so much for your help so I do not go insane from trying to do this. I have 2 more courses to do. Probably will be using you again.
Customer 452675, November 28th, 2021
Human Resources Management (HRM)
great
Customer 452813, February 4th, 2024
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information

CONTACT US