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				$	28.00		$	171,540
Raw materials				$	6.25		$	40,530
Wages	$	7,200		$	3.00		$	26,300
Utilities	$	3,230		$	1.80		$	15,000
Rent	$	4,200					$	4,200
Insurance	$	2,950					$	2,950
Miscellaneous	$	810		$	1.95		$	12,890

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 $7,200 plus $3.00 per liter of gelato sold and the actual wages for June were $26,300. Via Gelato expected to sell 6,200 liters in June, but actually sold 6,400 liters.

Via Gelato
Revenue and Spending Variances
For the Month Ended June 30
Revenue	$2,060	U
Expenses:
Raw materials	1,780
Wages	500
Utilities
Rent
Insurance
Miscellaneous
Total expense
Net operating income