Variable Element Fixed Element Actual Total per Month per Liter $19.00 $ 5.35 $ 2.10 $ e.90 for June $111,530 $33,830 $ 18,900 $ 8,100 $ 3,300 2,05e $ 6,900 Revenue Raw materials Wages Utilities $6,300 $2,330 $3,300 $2,05e Rent Insurance Miscellaneous $ 720 $ 1.05 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 $6,300 plus $2.10 per liter of gelato sold and the actual wages for June were 6,000 liters in June, but actually sold 6,200 liters. $18,900. Via Gelato expected to sell 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.) Via Gelato Revenue and Spending Variances For the Month Ended June 30 Revenue Expenses: Raw materials Wages Utilities Rent ework i Saved Insurance Miscellaneous $2,05e $ 720 $ 2,05e $ 6,900 1.05 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 $6,300 plus $2.10 per liter of gelato sold and the actual wages for June were $18,900. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters. Required: Calculate Via Gelato revenue and spending varlances for June. (Indicate the effect of ench variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Via Gelato Revenue and Spending Variances For the Month Ended June 30 Revenue Expenses Raw materials Wages Utilities Rent Insurance Miscellaneous Total expense Net operating income