ezto. connect ACCOUNTING Ch5 Required Assignment Question 1 (of 4) 1.25 points M

Question

ezto. connect ACCOUNTING Ch5 Required Assignment Question 1 (of 4) 1.25 points M5-15 Preparing a Contribution Margin Income Statement [LO 5-5) Following is relevant information for Snowdon Sandwich Shop, a small business that serves sandwiches: Total fixed cost per month Variable cost per sandwich Sales price per sandwich $1,160.00 1.50 5.75 During the month of June, Snowdon sold 600 sandwiches. Complete the contribution margin income statement for the month of June. (Round your final answers to the nea SNOWDON SANDWICH SHOP Contribution Margin Income Statement Month of June Contribution Margin Net Operating Income

Explanation / Answer

Contribution Margin Income Statement for the month of June is as prepared below:

Snowdown Sandwich Shop Contribution Margin Income Statement Month of June Per unit Sales (600*5.75) 3,450 5.75 Variable Costs (600*1.5) 900 1.50 Contribution Margin 2,550 4.25 Fixed Costs 1,160 Net Operating Income 1,390

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