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Ork /Test The Old Fashioned Ice Cream Shoppe sold 9,500 servings of ice cream during June for $3 per serving. The shop purchases the ice
Ork /Test The Old Fashioned Ice Cream Shoppe sold 9,500 servings of ice cream during June for $3 per serving. The shop purchases the ice cream in large tubs from the Dream Ice Cream Company. Each tub costs the shop $7 and has enough ice cream to till 20 ice cream cones. The shop purchases the ice cream cones for $0.25 each from a local warehouse club. Located in an outdoor mall, the rent for the shop space is $1,600 per month. The shop expenses $270 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,900 of other operating expenses (75% of these were fixed costs). Read the requirements. Requirement 1. Prepare The Old Fashioned Ice Cream Shoppe's June income statement using a traditional format. The Old Fashioned Ice Cream Shoppe, Income Statement For the Month Ended June 30 Less Less Choose from any list or antar sh C iRequirements em ded 1. Prepare The Old Fashioned Ice Cream Shoppe's June income statement using a traditional format. 2. Prepare The Old Fashioned Ice Cream Shoppe's June income statement using a contribution margin format. Print Done - X
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