Contribution margin statement (LO1). Isaac owns an ice cream shop. For the month of December, Isaac sold 15,000 scoops of ice cream at an average price of $1.70. The variable cost per scoop was $0.65....

Contribution margin statement (LO1). Isaac owns an ice cream shop. For the month of December, Isaac sold 15,000 scoops of ice cream at an average price of $1.70. The variable cost per scoop was $0.65. Isaac spent $2,000 for rent and $3,000 in wages for the month of December.

Required:

Prepare a contribution margin statement for the month of December for Isaac’s ice cream shop.