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Need help on requirement 2 The Creamery lce Croam Shoppe sold 9,500 servinge of ice cream during June for $4 per serving The shop purchases
Need help on requirement 2
The Creamery lce Croam Shoppe sold 9,500 servinge of ice cream during June for $4 per serving The shop purchases the ice cream in larpe tubs from the Gollen ice Cream Compary. Each tub costs the shop $14 and has enough ice cream to till 35 ice cream cones. The shop purchases the ice cream cones for 50.10 esch from a local warehouse club, Located in an ouldoor mali, the rent for the shop space is $1,650 per month. The thop expenses $290 a month for the depreciation of the chop's fumnture and equlpment. During June, the shop incurted an aditional $2.400 of other operating expenses (75\% of these wece ficed costs) fiend the teguirements Requirement 1. Prepare The Creamory lce Crearn Shoppe's June income statement ining a tradtional format Requirement 2. Prepare The Creamery lce Cream Shoppe's June income statement using a contribution margin format Step by Step Solution
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