Following is relevant information for Philly's Sandwich Shop, a small business that serves sandwiches: Total fixed cost per month Variable cost per sandwich $ 1,160.00 1.20 Sales price per sandwich 5.50 During the month of June, Philly's sold 490 sandwiches. Required: Complete the contribution margin income statement for the month of June. Note: Round your final answers to the nearest whole dollar. Philly's Sandwich Shop Contribution Margin Income Statement Month of June Contribution margin Net Operating income
Following is relevant information for Philly's Sandwich Shop, a small business that serves sandwiches: Total fixed cost per month Variable cost per sandwich $ 1,160.00 1.20 Sales price per sandwich 5.50 During the month of June, Philly's sold 490 sandwiches. Required: Complete the contribution margin income statement for the month of June. Note: Round your final answers to the nearest whole dollar. Philly's Sandwich Shop Contribution Margin Income Statement Month of June Contribution margin Net Operating income
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4PB: West Island distributes a single product. The companys sales and expenses for the month of June are...
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![Following is relevant information for Philly's Sandwich Shop, a small business that serves sandwiches:
$ 1,160.00
Total fixed cost per month
Variable cost per sandwich
1.20
Sales price per sandwich
5.50
During the month of June, Philly's sold 490 sandwiches.
Required:
Complete the contribution margin income statement for the month of June.
Note: Round your final answers to the nearest whole dollar.
Philly's Sandwich Shop
Contribution Margin Income Statement
Month of June
Contribution margin
Net Operating income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbd1d447a-3ef9-4d6a-88cb-2e12d9fdd2b4%2Fd120677a-7e08-4708-a39c-7ae5d91f779c%2Ft7codz_processed.png&w=3840&q=75)
Transcribed Image Text:Following is relevant information for Philly's Sandwich Shop, a small business that serves sandwiches:
$ 1,160.00
Total fixed cost per month
Variable cost per sandwich
1.20
Sales price per sandwich
5.50
During the month of June, Philly's sold 490 sandwiches.
Required:
Complete the contribution margin income statement for the month of June.
Note: Round your final answers to the nearest whole dollar.
Philly's Sandwich Shop
Contribution Margin Income Statement
Month of June
Contribution margin
Net Operating income
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