Business, 08.03.2021 19:10 carafaith02

The Dairy Ice Cream Shoppe sold 9, 400 servings of ice cream during June for $3 per serving. The shop purchases the ice cream in large tubes from the BlueBell Ice Cream Company. Each tub costs the shop $9 and has enough ice cream cones. The shop purchases the ice cream cones for $0.10 each from a local warehouse club. The Dairy Ice Cream Shoppe is located strip mall, and rent for the space is $1, 850 per month. The shop expenses $230 a month for the depreclation 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). Required:
a. Prepare The Dairy Ice Cream Shoppe's June income statement using a traditional format.
b. Prepare The Dairy Ice Cream Shoppe's June income statement using a contribution margin format.

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The Dairy Ice Cream Shoppe sold 9, 400 servings of ice cream during June for $3 per serving. The sho...

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