Burger Shack, Inc. Product Line Income Statement For the Year Ended December 31, 2023
Hamburgers Hot Dogs Tacos
Sales $120,000 $110,000 $90,000
Cost of Goods Sold (Variable) $56,000 $48,000 $60,000
Gross Profit $64,000 $62,000 $30,000
Selling and Administrative Expenses (Variable) $11,000 $14,000 $15,000
Income from Operations $53,000 $48,000 $15,000
Fixed Expenses*
Net Income