of gelato sold. For example, wages should be $5,600 plus $1.40 per liter of gelato sold and the actual While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters wages for June were $13,860. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters. EXERCISE 8-15 Flexible Budgets and Revenue and Spending Variances [LO8-1, L08-2] Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concern- ing its operations: Fixed Variable Actual Element Element Total for per Month per Liter June Revenue Raw materials Wages Ubrities Rent Insurance Miscellaneous $12.00 $71,540 $4.65 $29,230 $5,600 $1.40 $13,860 $1.630 $0.20 $3,270 $2,600 $2,600 $1,350 $1,350 $650 $0.35 $2,590 Required: Prepare a report showing Via Gelato revenue and spending variances for June. EXERCISE 8-16 Flexible Budgets in a con Packaging Solutions for TP