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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

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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 teims of the total number of liters of gelato sold. For example, wages should be $5,800 plus $1.60 per liter of gelato sold and the octual wages for June were $15,800. Vla Gelato expected to seli 6,200 liters in June, but actually sold 6,400 liters. Required: Calculate Va Gelato revenue and spending variances for June. (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as pesitive values.) 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 $5.800 plus $1.60 per liter of gelato sold and the actual wages for June were $15,800. 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 eoch variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

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