Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the

month of June:

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 $$7,300$ plus $$3\mathrm{.}10$ per liter of gelato sold and the actual wages for June were $$26,400.$ Via Gelato expected to sell

$6,100$ liters in June, but actually sold $6,300$ 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.$)$

Fixed Element per Month Variable Element per Liter Actual Total for June

Revenue $ $29\mathrm{.}00$ $ $175,540$

Raw materials $ $6\mathrm{.}35$ $ $40,630$

Wages $ $7,300$ $ $3\mathrm{.}10$ $ $26,400$

Utilities $ $3,330$ $ $1\mathrm{.}90$ $ $16,100$

Rent $ $4,300$ $ $4,300$

Insurance $ $3,050$ $ $3,050$

Miscellaneous $ $820$ $ $2\mathrm{.}05$ $ $12,990$

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 $$7,300$ plus $$3\mathrm{.}10$ per liter of gelato sold and the actual wages for June were $$26,400.$ Via Gelato expected to sell $6,100$ liters in June, but actually sold $6,300$ 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.$)$