Exercise 8-15 Flexible Budgets and Revenue and Spending Variances LO8-1, LO8-2] Va Gelato is a popular neighborhood gelato shop. The company has provided the following data ual Element Element Total for per Month per LiterJune Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous $29.00 $175,540 S 635 $ 40,630 S 7,300 S 3.10 $ 26,400 $ 3,330 1.90 S 16,100 S 4,300 $ 3,050 S 820 S 2.05 $ 12,990 $4.300 $ 3,050 While gelato is sold by the cone or cup. the shop measures its activity in terms of the total number of liters - of gelato soid. For example, wages should be $7,300 plus $3 10 per liter of gelato sold and the actual wages for June were $26,400 Via Gelato expected to sel 6 10 hes in ete acl Required: Complete the report showing Via Gelato revenue and spending variances for June. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F for favorable, U" for unfavorable, and "None" for no effect (i.e., zero variance).) Via Gelato Revenue and Spending Variances