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month of June: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Revenue Expenses Raw materials Wages Utilities Rent Fixed Element per Month While gelato is
month of June: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Revenue Expenses Raw materials Wages Utilities Rent Fixed Element per Month 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 $6,200 plus $2.00 per liter of gelato sold and the actual wages for June were $18,900. Via Gelato expected to sell 6,200 liters in June, but actually sold 6,400 liters. Via Gelato Revenue and Spending Variances For the Month Ended June 30 Insurance $ 6,200 $ 2,230 $ 3,200 $ 1,950 $710 Required: Calculate Via Gelato revenue and spending variances for June. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) Miscellaneous Variable Element per Actual Total for June Total expense Net operating income Liter $18.00 $5.25 $2.00 $ 0.80 0.95 $ 110,530 $ 33,730 $ 18,900 $ 7,550 $ 3,200 $1,950 $6,670
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