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Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: for
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: for June 5 168,540 5 33,436 5 24,999 5 14,290 5 4,190 $ 2,353 Fixed Variable Elenent per Element per Actual Total Month Liter Revenue $ 2?.66 Raw materials 5 6.15 wages $ ?,100 $ 2.96 Utilities 5 3,136 5 1.73 Rent $ 4,100 Insurance $ 2,856 Miscellaneous $ 866 1.85 While gelato is sold by the cone or cup, the shop measures its activity in terms ofthe total number of liters of gelato sold. 5 11,733 :or example, wages should be $7,100 plus $2.90 per liter of gelato sold and the actual wages for June were $24,900. 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 valuesJ Revenue Expe nses: Raw materials Insurance Miscellaneous Total expense Net operating income
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