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Please assist with this question.Greatly appreciated. Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results
Please assist with this question.Greatly appreciated.
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Revenue Raw materials Wages utilities Rent Insurance Miscellaneous Fixed Element per month 5, 7aa 1,73a 2, 7aa 66a Variable Element per Liter 13.aa 4 75 45 Actual Total for June 72,54a 30, 33a 14 , 56a 3, saa 2, 7aa 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 S5,700 plus Sl_50 per liter of gelato sold and the actual wages for June were $14,560 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 (i.e., zero variance). Input all amounts as positive values.)
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