1. Explanation Given: Sales price of each ice cream = $ 3 Total sale = 8 , 700 ice creams Rent of the shop = $ 1 , 600 per month Depreciation = $200 per month of the furtinure and equipment And, Other operating expenses = $ 2 , 600 Cost of ice cream cone = $ 0.25 each Cost of tub = $12 each The income statement of WIC Shoppe for the month of June using traditional format is as follows: WIC Shoppe 's Traditional Income Statement (Absorption Costing) For the month of June Sales revenue $ 26,100.00 (1) Less: Variable Cost of goods sold $ 5,655.00 (2) Gross profit $ 20,445 2. To determine To Prepare: The income statement of the company WIC Shoppe for the month of June using contribution margin format.

5th Edition

ISBN: 9780134128528

Author: Karen W. Braun, Wendy M. Tietz

Publisher: PEARSON

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Chapter 6, Problem 6.64AP

To determine

To Prepare: The income statement of the company WIC Shoppe for the month of June using traditional format.

To determine

To Prepare: The income statement of the company WIC Shoppe for the month of June using contribution margin format.

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Chapter 6, Problem 6.63AP

Chapter 6, Problem 6.65AP

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The income statement of the company WIC Shoppe for the month of June using traditional format.

Solution Summary: The author explains the income statement of the company WIC Shoppe for the month of June using traditional format.