Following is relevant information for Snowdon Sandwich Shop, a small business that serves sandwiches: Total fixed...
Following is relevant information for Snowdon Sandwich Shop, a small business that serves sandwiches:
| Total fixed cost per month | $ | 1,060.00 |
| Variable cost per sandwich | 1.50 | |
| Sales price per sandwich | 5.00 | |
During the month of June, Snowdon sold 580 sandwiches.
Complete the contribution margin income statement for the month of June. (Round your final answers to the nearest whole dollar.)
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Homework Answers
| SNOWDON SANDWICH SHOP | |
| Contribution Margin Income Statement | |
| Month of June | |
| Sales (580 x 5) | 2,900 |
| Variable cost (580 x 1.50) | -870 |
| Contribution Margin | 2,030 |
| Fixed cost | -1,060 |
| Net Operating Income | $970 |
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Following is relevant information for Snowdon Sandwich Shop, a
small business that serves sandwiches:
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