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Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations: Revenue Raw materials Wages Fixed Variable Actual Element Element Total for per June per Liter Month $23.00 $140,540 $ 5.75 $ 37,030 $ 6,700 $ 2.50 $ 21,800 $ 2,730 $ 1.30 $ 11,600 3,700 $ 3,700 2,450 $ $ 2,450 $ 760 $ 1.45 $ 9,390 Utilities Rent $ Insurance Miscellaneous 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 $6,700 plus $2.50 per liter of gelato sold and the actual wages for June were $21,800. Via Gelato expected to sell 6,100 liters in June, but actually sold 6,300 liters. 2. What is the total amount of fixed expense per month in Via Gelato's flexible budget? Total Fixed Expense in Budget 3. What is the variable expense per liter in Via Gelato's flexible budget for all expense lines combined? What is the total variable expense for the month in Via Gelato's flexible budget? Total Variable Expense Per Liter x Actual Liters Total Flex Budget Variable Expense 6,300 4. What is the Net Operating Income in Via Gelato's flexible budget? $ 144,900 Flex Budget Revenue Minus Flex Budget Fixed Expense Minus Flex Budget Variable Expense Flex Budget Net Operating Income $ 59,260