Business, 23.10.2019 00:00 jerrica988

Prepare traditional and contribution margin income statements (learning objective 6) the willowick ice cream shoppe sold 8,700 servings of ice cream during june for $3 per serving. the shop purchases the ice cream in large tubs from the deluxe ice cream company. each tub costs the shop $12 and has enough ice cream to fill 30 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 $200 a month for the depreciation of the shop’s furniture and equipment. during june, the shop incurred an additional $2,600 of other operating expenses (75% of these were fixed costs). requirements prepare the willowick ice cream shoppe’s june income statement using a traditional format. prepare the willowick ice cream shoppe’s june income statement using a contribution margin format.

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Prepare traditional and contribution margin income statements (learning objective 6) the willowick i...

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