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: Fixed Element per Month Variable Element per Liter Actual Total for June Revenue $ 17.00 $ 99,540 Raw materials $ 5.15 $ 32,730 Wages $ 6,100 $ 1.90 $ 17,900 Utilities $ 2,130 $ 0.70 $ 7,000 Rent $ 3,100 $ 3,100 Insurance $ 1,850 $ 1,850 Miscellaneous $ 700 $ 0.85