9 1 pos Reference Exercise 9-15 (Algo) Flexible Budgets and Revenue and Spending Variances (LO9-1, LO9-2] Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June Fixed Varis temt lement per Actual Total Liter for Revenue $ 35.00 5 171,00 How materials 16.25 $ 4,50 wa $7.200 5.26, Utilities $3,250 $ 15,00 Rent $ 4,200 $4,200 Insurance $ 2,950 $ 2.950 Miscellaneous $ 310 $1.95 $ 12,00 While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of ters of gelato sold. For example, wages should be $7.200 plus $3.00 per liter of gelato sold and the actual wages for June were $26,300 Via Gelato expected to sell 6.200 liters in June, but actually sold 6.400 liters Required: Calculate Via Gelato revenue and spending variances for June (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect fitero variance), Input all amounts as positive values.) Via Gatto Revenue and Spending Variances For the Month Ended June 30 | | | Exentes Roma M GEW Partly While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $7.200 plus $3.00 per liter of gelato sold and the actual wages for June were $26,300. Via Gelato expected to sell 6,200 liters in June, but actually sold 6.400 liters Required: Calculate Via Gelato revenue and spending variances for June (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) etlook ferences Via Gelato Revenue and Spending Variances For the Month Ended June 30 Revenue Expenses Raw materials Wages Uttes Rent Insurance Miscellaneous Total expense Not operating income 9 1 pos Reference Exercise 9-15 (Algo) Flexible Budgets and Revenue and Spending Variances (LO9-1, LO9-2] Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June Fixed Varis temt lement per Actual Total Liter for Revenue $ 35.00 5 171,00 How materials 16.25 $ 4,50 wa $7.200 5.26, Utilities $3,250 $ 15,00 Rent $ 4,200 $4,200 Insurance $ 2,950 $ 2.950 Miscellaneous $ 310 $1.95 $ 12,00 While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of ters of gelato sold. For example, wages should be $7.200 plus $3.00 per liter of gelato sold and the actual wages for June were $26,300 Via Gelato expected to sell 6.200 liters in June, but actually sold 6.400 liters Required: Calculate Via Gelato revenue and spending variances for June (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect fitero variance), Input all amounts as positive values.) Via Gatto Revenue and Spending Variances For the Month Ended June 30 | | | Exentes Roma M GEW Partly While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $7.200 plus $3.00 per liter of gelato sold and the actual wages for June were $26,300. Via Gelato expected to sell 6,200 liters in June, but actually sold 6.400 liters Required: Calculate Via Gelato revenue and spending variances for June (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) etlook ferences Via Gelato Revenue and Spending Variances For the Month Ended June 30 Revenue Expenses Raw materials Wages Uttes Rent Insurance Miscellaneous Total expense Not operating income