3. value: 1 points The Alpine House, Inc., is a large retailer of winter sports equipment. An income statement for the company's Ski Department for a recent quarter is presented below: The Alpine House, Inc. Income StatementSki Department For the Quarter Ended March 31 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Net operating income $854,980 334,180 520,800 $241,000 161,000 402,000 $118,800 Skis sell, on the average, for $394 per pair. Variable selling expenses are $54 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 30% variable and 70% fixed. The company does not manufacture its own skis; it purchases them from a supplier for $154 per pair. Requirement 1: Prepare a contribution format income statement for the quarter. (Input all amounts as positive values. Omit the "$" sign in your response.) The Alpine House, Inc. Income StatementSki Department For the Quarter Ended March 31 $ Variable expenses: $ Fixed expenses: $ Requirement 2: For every pair of skis sold during the quarter, what was the contribution toward covering fixed expenses and toward earning profits? (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.) Contribution margin per pair3.
value:
1 points

 
The Alpine House, Inc., is a large retailer of winter sports equipment. An income statement for the company's Ski Department for a recent quarter is presented below:    
 
The Alpine House, Inc.
Income Statement—Ski Department
For the Quarter Ended March 31       
Sales        $854,980        
Cost of goods sold        334,180        
Gross margin        520,800        
Selling and administrative expenses:               
Selling expenses    $241,000            
Administrative expenses    161,000     402,000        
Net operating income        $118,800        
       
Skis sell, on the average, for $394 per pair. Variable selling expenses are $54 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 30% variable and 70% fixed. The company does not manufacture its own skis; it purchases them from a supplier for $154 per pair.    
 
Requirement 1:       
Prepare a contribution format income statement for the quarter. (Input all amounts as positive values. Omit the "$" sign in your response.)    
 
The Alpine House, Inc.
Income Statement—Ski Department
For the Quarter Ended March 31       
        $        
Variable expenses:               
    $            
               
               
               
Fixed expenses:               
               
               
        $        
       
Requirement 2:       
For every pair of skis sold during the quarter, what was the contribution toward covering fixed expenses and toward earning profits? (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)    
 
Contribution margin per pair    $