Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my 12 month of June: 2 Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element Variable Element Actual Total per Month per Liter

image text in transcribed
Check my 12 month of June: 2 Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element Variable Element Actual Total per Month per Liter for June $27.00 $ 160,540 $.6.15 $ 38,430 57.100 $ 2.90 $ 24,900 $3,130 $ 1.70 $ 14,200 $ 4,100 $4,100 $ 2,850 $ 2,850 $800 $ 1.85 $11,790 Ook 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 $7.100 plus $2.90 per liter of gelato sold and the actual wages for June were $24.900. Via Gelato expected to sell 6.000 liters in June, but actually sold 6,200 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 (le, zero variance). Input all amounts as positive values.) Via Gelato Revenue and Spending Variances For the Month Ended June 30 Revenue Experts Raw materais Wagen Uullet Rent insurance Miscellaneous Total expense Nel corating income IMG Peny 12 of 16 Next >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th edition

470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144

More Books

Students also viewed these Accounting questions