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concerning its operations: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element per Month $5,600 Sl ,630 S2,600 Sl ,350 S650 Variable Element
concerning its operations: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element per Month $5,600 Sl ,630 S2,600 Sl ,350 S650 Variable Element per Liter S12.oo S4.65 Sl.40 so.20 so.35 Actual Total for June S71,54C S2g,230 Sl 3,860 $3,270 $2,600 $1 ,350 $2,5gc 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 S5,600 plus $1.40 per liter of gelato sold and the actual wages for June were S13,B60. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters. Required: Prepare a report showing Via Gelato revenue and spending variances for June. (Leave no cells blank - be certain to enter "O" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.)
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