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The Sundae Ice Cream Shoppe sold 9,500 servings of ice cream during June for $4 per serving. The shop purchases the ice cream in
The Sundae Ice Cream Shoppe sold 9,500 servings of ice cream during June for $4 per serving. The shop purchases the ice cream in large tubs from the Organic Ice Cream Company. Each tub costs the shop $15 and has enough ice cream to fill 30 ice cream cones. The shop purchases the ice cream cones for $0.20 each from a local warehouse club. Located in an outdoor mall, the rent for the shop space is $1,650- per month. The shop expenses $220 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,700 of other operating expenses (75% of these were fixed costs) Read the requirements Requirement 1. Prepare The Sundae Ice Cream Shoppe's June income statement using a traditional format. The Sundae Ice Cream Shoppe Income Statement For the Month Ended June 30. Less Less Requirements - X 1. Prepare The Sundae Ice Cream Shoppe's June income statement using a traditional format. 2. Prepare The Sundae Ice Cream Shoppe's June income statement using a contribution margin format Print Done Check Answer
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