following is relevant information for Snowdon sandwich shop, a small business th

Question

following is relevant information for Snowdon sandwich shop, a small business that Services sandwiches...

Home- myutrgv.ec X Exam Jackson, Inc Jackson Ine Produ. i-ckson, Inc. pro- X ezto.mhedilcation.com/hm. E] |rane! Most Visited my.utrgv.edu ALGEBRA Login Search everything on Ton Hat HigherEdA. C Cove's Cakes Is A Locs Time 12542 13 Following is relevant information for Snowdon Sandwich Shop, a Total fixed cost per month Variable cost per sandwich Sales price per sandwich 5980.00 1.20 5.75 During the month of June, Snowdon sold 550 sandwiches Complete the contibution margin income statement for the Contribution Margin lncome Statement Month of June anable Costs Contibunon Margin otal Fixed Costs t Operating Income

Explanation / Answer

Contribution margin income statement :

Sales (550*5.75) 3163 Variable cost (550*1.20) (660) Contribution margin 2503 Fixed cost (980) Net operating income 1523

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