Consider the following information for Gelato Supremo for 5.000 units: Gelato Supremo Revenue and Spending For the Month Ended June 30th Costs Cost Per liter Variable Element Fixed Elem ent 5000 Actual Results 5000 Flexible Budget Revenue $12.00 $58,000 $60,000 Variable Costs: Raw Matcrials Wages Utilities Rent Insurance Miscellaneous Total Costs $4.65 $1.40 50.20 $0.35 $5.600 $1,630 $2,600 $1.350 $650 $22.000 $13.000 $3,000 $2,600 $1,350 $2.590 $44.540 $23.250 $12,600 $2,630 $2,600 Net Operating Income $13,460 Determine the missing budgeted values for insurance, miscellaneous, and total cost to determine net operating income. 

What is net operating income?

Answer rating: 100% (QA)

Net operating income NOI also known as operating profit or operating income is a companys total reve... View the full answer