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  3. the magic freeze ice cream shoppe sold 9,100 servi

The Magic Freeze Ice Cream Shoppe sold 9,100 servings of ice cream during June for...

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Accounting

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The Magic Freeze Ice Cream Shoppe sold 9,100 servings of ice cream during June for $4 per serving. The shop purchases the ice cream in large tubs from the BlueBell Ice Cream Company. Each tub costs the shop $15 and has enough ioe cream to fill 30 ice cream cones. The shop purchases the ice cream cones for $0.15 each from a local warehouse club. Located in an outdoor mall, the rent for the shop space is $1,600 per month. The shop expenses $230 a month for the depreciation of the shop's fumiture and equipment. During June, the shop incurred an additional $2.700 of other operating expenses 75% of these were fixed costs . Requirements 1. Prepare The Magic Freeze lce Cream Shoppe's June income statement using a traditional format. 2. Prepare The Magic Freeze lce Cream Shoppe's June income statement using a contribution margin format

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