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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 $ 940.00
Variable cost per sandwich 1.50
Sales price per sandwich 5.00

During the month of June, Snowdon sold 490 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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Answer #1
Sales (5*490) 2450
Total Variable cost (1.50*490) 735
Contribution margin 1715
Fixed cost 940
Net operating income 775
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