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 Element per Month Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Variable Element per Liter $ 32.00 $ 6.65 $ 3.40 $ 2.20 $ 7,600 $ 3,630 $ 4,600 $ 3,350 $ 850 Actual Total for June $ 192,540 $ 41,930 $ 28,100 $ 17,500 $ 4,600 $ 3,350 $ 15,190 $ 2.35 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: 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.) Answer is not complete. Via Gelato Revenue and Spending Variances For the Month Ended June 30 $ Revenue U 198,400 Expenses: Raw materials 41,230 x U Wages 28,680 XF Utilities 17,270 X U Rent 4,600 X None Insurance 3,350 X None Miscellaneous 15,420 X U OOOO x Total expense || Net operating income U