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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

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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. ) Fixed Element per Month Variable Element per LiterActual Total for JuneRevenue$21.00$133,540Raw materials$5.55$37,130Wages$6,500$2.30$21,300Utilities$2,5 30$1.10$10,000Rent$3,500$3,500Insurance$2,250$2,250 Miscellaneous$740$1.25$8,790

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