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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 $ 1,500 2.50 5.25 During the month of June, Snowdon sold 600 sandwiches. Complete the contribution margin income statement for the month of June. SNOWDON SANDWICH SHOP Contribution Margin Income Statement Month of June Sales Revenue Total Variable Costs Contribution Margin Net Operating Income
Expert Answer
| Particulars | Amount($) |
| Sales(600*5.25) | $3150 |
| Total variable costs(600*2.5) | $1500 |
| Contribution margin | $1650 |
| Fixed Costs | $1500 |
| Net Operating income | $150. |
