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K The Dairy Ice Cream Shoppe sold 9,200 servings of ice cream during June for $2 per serving. The shop purchases the ice cream
K The Dairy Ice Cream Shoppe sold 9,200 servings of ice cream during June for $2 per serving. The shop purchases the ice cream in large tubs from the Organic Ice Cream Company Each tub costs the shop $18 and has enough ice cream to fill 40 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 $210 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2.600 of other operating expenses (75% of these were fixed costs). Read the requirements. Requirement 1. Prepare The Dairy Ice Cream Shoppe's June income statement using a traditional format The Dairy Ice Cream Shopper Income Statement For the Month Ended June 30 Less Less Requirement 2. Prepare The Dairy Ice Cream Shoppe's June income statement using a contribution margin format. The Dairy Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 Loss The Dairy Ice Cream Shoppe sold 9,200 servings of ice cream during June for $2 per serving. The shop purchases the ice cream in large tubs from the Organic Ice Cream Company Each tub costs the shop $18 and has enough ice cream to fill 40 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 $210 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,600 of other operating expenses (75% of these were fixed costs). Read the requirements. Less Less Requirement 2. Prepare The Dairy Ice Cream Shoppe's June income statement using a contribution margin format. The Dairy Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 Less: Less Read the requirements. Less: Less: Requirements Requirement 2. Con 1. Prepare The Dairy Ice Cream Shoppe's June income statement using a traditional format. 2. Prepare The Dairy Ice Cream Shoppe's June income statement using a contribution margin format. Less: Less: Print Done - X
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