Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

lf possible explain how month of June: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element Variable Element Actual Total per Month per Liter

image text in transcribed
image text in transcribed
lf possible explain how
month of June: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element Variable Element Actual Total per Month per Liter for June $ 16.00 $ 90,540 $ 5.05 $ 31,630 $ 6,000 $ 1.80 $ 2,030 $ 16,900 $ 0.60 $ 6,000 $3,000 $ 3,000 $1,750 $ 1,750 5 690 $ 0.75 $ 5,200 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 $6,000 plus 51.80 per liter of gelato sold and the actual wages for June were $16,900. Via Gelato 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 variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Via Gelato Revenue and Spending Variances For the Month Ended June 30 Revenue Expenses Raw materiais Wages Uutis Roni Insurance Miscellaneous

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: 3

blur-text-image

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

Trade Based Money Laundering

Authors: John A. Cassara

1st Edition

1119078954, 9781119078951

More Books

Students also viewed these Accounting questions