what is the net operating income for the revenue and spending variance sheet?

Exercise 9-15 (Static) Flexible Budgets and Revenue and Spending Variances (LO9-1, LO9-3) Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Revenge Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element Variable Element Actual Total per Month per Liter for June $12.00 $ 71,540 $ 4.65 $ 29, 230 $ 5,600 $ 1.40 $ 13,860 $ 1.630 $ 0.20 $ 3,270 $ 2.600 $ 2,600 $ 1,350 $ 1,350 $ 650 $ 0.35 $ 2,590 While gelato is sold by the cone or cup, the shop measures its activity in terms of the total qumber 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: Calculato 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 and Spending Variances For the Month Ended June 30 Revenue $ 2,860 U Expenses: Raw materials 400 U Wages 420 F Utilities 400 U Rent o None Insurance O None Miscellaneous 230 F Total expense 150 U Net operating income U