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ID: 2373743 • Letter: I

Question

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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 Skis sell, on the average, for $406 per pair. Variable selling expenses are $46 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 24% variable and 76% fixed. The company does not manufacture its own skis; it purchases them from a supplier for $145 per pair. Prepare a contribution format income statement for the quarter. (Input all amounts as positive values. Omit the "$" sign in your response.) The Alpine House, Inc. Income Statement-Ski Department For the Quarter Ended March 31 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 $

Explanation / Answer

The Alpine House, Jackson - booking.com%u200E www.booking.com/The-Alpine-House

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