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DO 4 ME Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month
DO 4 ME
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of iters of gelato sold. For example; wages should be $7,300 plus $310 per liter of gelato sold and the actual wages for June were $26,400. Via Gelato expected to seil 6,100 liters in June, but actually sold 6,300 liters Required: Calculate Via Gelato revenue and spending variances for June. (Indicote the effect of each variance by selecting "F" for fovorable. "U" for unfovorable, ond "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Required: Calculate Via Gelato revenue and spending variances for June. (Indicate the effect of eoch variance by selecting "F" for fovorable "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the number of deliveries made The pizzeria's cost formulas appear below. In November, the pizzeria budgeted for 2,250 pizzas at an average selling price of $22 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November were as follows: Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Step by Step Solution
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