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: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element per Month $ 6,500 $ 2,530 $ 3,500 $2,250 $740 Variable Element per Liter $ 21.00 $ 5.55 $ 2.30 $ 1.10 Actual Total for June $ 133,540 $ 37,130 $ 21,300 $ 10,000 $ 3,500 $2,250 $8,790 $ 1.25 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 $6,500 plus $2.30 per liter of gelato sold and the actual wages for June were $21,300. Via Gelato expected to sell 6,400 liters in June, but actually sold 6,600 liters.

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: While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of geiato sold. For example, wages should be $6.500 plus $2,30 per liter of gelato sold and the actual wages for June were $21,300. Via Gelato expected to sell 6,400 liters in June, but actually sold 6,600 liters