s Bookmarks Following is relevant information for Snowdon Sandwich Shop, a small

Question

s Bookmarks Following is relevant information for Snowdon Sandwich Shop, a small business that serves sandwiches otal fixed cost per montah Variable cost per sandwich $920.00 1.80 5.75 Sales price per sandwich During the month of June, Snowdon sold 580 sandwiches the contribution margin income statement for the month of June.(Round your final answers to the nearest whole dollar.) Contribution Margin Income Statement Month of June Contribution Margin Net Operating Income References eBook & Resources 888 , 3 5

Explanation / Answer

Sales=5.75*580=3335
Variable costs=580*1.8=1044
Contribution margin=3335-1044=2291
fixed costs=920
Net operating income=1371

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