Exam I ezto.mheducation.com/hm.tpx pps Yesmovies l- Hawkes Learning Blackboard L

Question

Exam I ezto.mheducation.com/hm.tpx pps Yesmovies l- Hawkes Learning Blackboard Learn welcome . my utrgv (1) Rainbow Six. Six D Exami 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 $1,120.00 1.00 5.50 During the month of June, Snowdon sold 490 sandwiches. Complete the contribution margin income statement for the month of June. (R ound your final answers to the nearest whole dollar.) SNOWDON SANDWICH SHOP Contribution Margin Income Statement Month of June Contribution Margin Net Operating Income Type here to search

Explanation / Answer

Contribution margin income statement Month of June Sales (5.5*490) $            2,695 Less: Variable expenses (1*490) $                490 Contribution margin $            2,205 Less: Fixed cost $            1,120 Net Operating Income $            1,085

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