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	Variable Element per Liter	Actual Total for June
Revenue		$ 12.00	$ 71,540
Raw materials		$ 4.65	$ 29,230
Wages	$ 5,600	$ 1.40	$ 13,860
Utilities	$ 1,630	$ 0.20	$ 3,270
Rent	$ 2,600		$ 2,600
Insurance	$ 1,350		$ 1,350
Miscellaneous	$ 650	$ 0.35	$ 2,590

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 $5,600 plus $1.40 per liter of gelato sold and the actual wages for June were $13,860. 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.)

Via Gelato
Revenue + Spending Variances
Month End June 30
Revenue		U
Expenses:
Raw Material		U
Wages		F
Utilities		U
Rent		None
Insurance		None
Miscellaneous		F
Total Expense		U
Net Operating Income		U