Question: Please help me Preparing a contribution margin income statement from this data: (A) The company sold 10,000 servings of ice cream during June for $5
Please help me Preparing a contribution margin income statement from this data:
(A) The company sold 10,000 servings of ice cream during June for $5 per serving. The shop purchases the ice cream in large tubs. Each tub costs the shop $14 and has enough ice cream to fill 35 ice cream cones. The shop purchases the ice cream cones for $.15.
Located in an outdoor mall, the rent for the shop is $2,000 per month. The shop expenses $230 a month for depreciation. During the month, the shop incurred an additional $2,700 of other operating expenses, 75% of these are fixed costs.
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