Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fixed Element per Month Ravenue Raw materials Wages Utilities Rent Insurance Miscellaneous $ 5,600 $ 1,630 $ 2,600 $ 1,350 $ 650 Variable Element Actunl

image text in transcribed
Fixed Element per Month Ravenue Raw materials Wages Utilities Rent Insurance Miscellaneous $ 5,600 $ 1,630 $ 2,600 $ 1,350 $ 650 Variable Element Actunl Total per Leiter for June $12.00 $71,540 $ 4.65 $ 29,230 $ 1.40 $ 13,860 $ 0.20 $ 3,270 $ 2,600 $ 1,350 $ 0.35 $ 2,590 While gelato is sold by the cone or cup, the shop measures its activity in terms of the total example, wages should be $5,600 plus $1.40 per liter of gelato sold and the actual wages fu expected to sell 6,000 liters in June, but actually sold 6,200 liters. Required: Calculate Via Gelato revenue and spending variances for June (Indicate the effect of each favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amou Via Gelato Revenue and Spending Variance For the Month Ended June 30 Revenue Expenses Raw materials Wages UW Rent Insurance Miscellaneous Tatamente Niet operating income

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cloud Computing Data Auditing Algorithm

Authors: Manjur Kolhar, Abdalla Alameen, Bhawna Dhupia, Sadia Rubab, Mujthaba Gulam

1st Edition

ISBN: 1946983144, 978-1946983145

More Books

Students also viewed these Accounting questions

Question

Draw the plane given by the equation. x + y + z = 4

Answered: 1 week ago