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HELP!!! The Fantastic Ice Cream Shoppe sold 9,000 servings of ice cream during June for $2 per serving. The shop purchases the ice cream in
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The Fantastic Ice Cream Shoppe sold 9,000 servings of ice cream during June for $2 per serving. The shop purchases the ice cream in large tubs from the Dream Ice Cream Company. Each tub costs the shop $11 and has enough ice cream to fill 20 ice cream cones. The shop purchases the ice cream cones for $0.15 each from a local warehouse club. Located in an outdoor mall, the rent for the shop space is $1,800 per month. The shop expenses $280 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional \$2,100 of other operating expenses ( 75% of these were fixed costs). Read the requirements. Requirement 1. Prepare The Fantastic Ice Cream Shoppe's June income statement using a traditional format. Requirement 1. Prepare The Fantastic Ice Cream Shoppe's June income statement using a traditional format. The Fantastic Ice Cream Shoppe Income Statement ime statement using a contribution margin f Requirement 2. Prepare The Fantastic Ice Cream Shoppe's June income statement using a contribution margin format. The Fantastic Ice Cream Shoppe Contribution Margin Income Statement June income statement using a contribution margin format Step by Step Solution
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