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The Yummyr Ice Cream Shoppe sold 9.600 servings of ice cream during June for 55 per serving. The shop purchases the ice cream in large
The Yummyr Ice Cream Shoppe sold 9.600 servings of ice cream during June for 55 per serving. The shop purchases the ice cream in large tubs from the Dream Ice Cream Company. Each tub costs the shop 59 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 $1.650 per month. The shop expenses $240 a month for the depreciation of the shop's furniture and equipment. During June, the shop incurred an additional $2,100 of other operating expenses 05% of these were fixed costs). Read the qLIirements. Requirement 1. Prepare The Yummy Ice Cream Shoppe's June income statement using a traditional format. The Yummy Ice Cream Shoppe Income Statement For the Month Ended June 30 Less: Less:Requirement 2. Prepare The Yummy Ice Cream Shoppe's June income statement using a contribution margin format. The Yummy Ice Cream Shoppe Contribution Margin Income Statement For the Month Ended June 30 | : j | :: | j i
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