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Kelsey's Ice Cream Shoppe sold 9 , 3 0 0 servings of ice cream during June for $ 2 per serving. Kelsey purchases the ice
Kelsey's Ice Cream Shoppe sold servings of ice cream during June for $ per serving. Kelsey purchases the ice cream in large tubs from the Dream Ice Cream Company. Each
tub costs Kelsey $ and has enough ice cream to fill ice cream cones. Kelsey purchases the ice cream cones for $ each from a local warehouse club. Kelsey's Shoppe is
located in a local strip mall, and she pays $ a month to lease the space. Kelsey expenses $ a month for the depreciation of the shop's furniture and equipment. During June,
Kelsey incurred an additional $ of other operating expenses of these were fixed costs
Requirements
Prepare Kelsey's June income statement using a traditional format.
Prepare Kelsey's June income statement using a contribution margin format.
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