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6:17 PM Fri Mar 3 '0' I'll 3 53%:} Chapter 6 In Class Problems SPR 2023(2) - Tagged 2 v [3 Q B CD Done
6:17 PM Fri Mar 3 '0' I'll "3 53%:} Chapter 6 In Class Problems SPR 2023(2) - Tagged 2 v [3 Q B CD Done P6-69B Prepare traditional and contribution margin income statements The Edgewater Ice Cream Shoppe sold 8,900 servings of ice cream during June for $4 per serving. The shop purchases the ice cream in large tubs from the Premium Ice Cream Company. Each tub costs the shop $15 and has enough ice cream to fill 30 ice cream cones. The shop purchases the ice cream cones for $0.10 each from a local warehouse club. Located in an outdoor mall, the rent for the shop space is $1,950 a month. The shop expenses $210 a month for the depreciation of the shop's furniture and equipment. During Iune, the shop incurred an additional $2,000 of other operating expenses (75% of these were fixed costs). 1. Prepare The Edgewater Ice Cream Shoppe's Iune income statement using a traditional format. Edgewater's Ice Cream Shoppe Income Statement For the Month Ended June 30 2. Prepare The Edgewater Ice Cream Shoppe's Iune income statement using a contribution margin format. Edgewater's Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30
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