Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June Fixed Elenent Variable Element Actual Total per Liter 5 20.00 $ 5.45 s 2.20 s 1.00 ts per Month Revenue Raw materials ages Utilities Rent Insurance Miscellaneous s 6,408 s 2,430 5 3,480 s 2,150 s 738 for June S 122,540 5 36,030 5 20,280 s 9,108 5 3,4ee S 2,150 8,950 eBook s 1.15 Print 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 $6,400 plus $2 20 per liter of gelato sold and the actual wages for June were $20.200 Via Gelato expected to sell eterences 6,300 lit 6,300 liters in June, but actually sold 6,500 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.) ia Gelato Revenue and Spending Variances For the Month Ended June 30 Expenses Raw materials Wages Utilities Rent Insurance Total expense Net operating income Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June Fixed Elenent Variable Element Actual Total per Liter 5 20.00 $ 5.45 s 2.20 s 1.00 ts per Month Revenue Raw materials ages Utilities Rent Insurance Miscellaneous s 6,408 s 2,430 5 3,480 s 2,150 s 738 for June S 122,540 5 36,030 5 20,280 s 9,108 5 3,4ee S 2,150 8,950 eBook s 1.15 Print 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 $6,400 plus $2 20 per liter of gelato sold and the actual wages for June were $20.200 Via Gelato expected to sell eterences 6,300 lit 6,300 liters in June, but actually sold 6,500 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.) ia Gelato Revenue and Spending Variances For the Month Ended June 30 Expenses Raw materials Wages Utilities Rent Insurance Total expense Net operating income