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The Tasty Ice Cream Shoppe sold 9,000 servings of ice cream during June for $2 per serving. The shop purchases the ice cream in
The Tasty Ice Cream Shoppe sold 9,000 servings of ice cream during June for $2 per serving. The shop purchases the ice cream in large tubs from the Florida Ice Cream Company. Each tub costs the shop $7 and has enough ice cream to fill 20 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 $1,950 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 $2,700 of other operating expenses (75% of these were foxed costs). Read the requirements Requirement 1. Prepare The Tasty Ice Cream Shoppe's June income statement using a traditional format Sales revenue The Tasty Ice Cream Shoppe Income Statement For the Month Ended June 30 Less: Cost of goods sold Gross profit Less: Lease expense Requirements 1. Prepare The Tasty Ice Cream Shoppe's June income statement using a traditional format. 2. Prepare The Tasty Ice Cream Shoppe's June income statement using a contribution margin format Cost of goods sold Depreciation expense Gross profit Lease expense Operating expenses Operating income Other Operating expenses Other Operating income Sales revenue Total operating expenses input fields and then click Check Answer Print Done
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