Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations:

	Fixed Element per Month		Variable Element per Liter		Actual Total for June
Revenue			$	32.00	$	192,540
Raw materials			$	6.65	$	41,930
Wages	$	7,600	$	3.40	$	28,100
Utilities	$	3,630	$	2.20	$	17,500
Rent	$	4,600			$	4,600
Insurance	$	3,350			$	3,350
Miscellaneous	$	850	$	2.35	$	15,190
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 $7,600 plus $3.40 per liter of gelato sold and the actual wages for June were $28,100. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters. Required: Complete the report showing 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 Insurance Miscellaneous Total expense Net operating income