Exercise $9-15($Algo$)$ Flexible Budgets and Revenue and Spending Variances $[$LO$9-1,$ LO$9-2]$

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 $ $31\mathrm{.}00$ $ $191,540$

Raw materials $ $6\mathrm{.}55$ $ $42,830$

Wages $ $7,500$ $ $3\mathrm{.}30$ $ $28,000$

Utilities $ $3,530$ $ $2\mathrm{.}10$ $ $17,400$

Rent $ $4,500$ $ $4,500$

Insurance $ $3,250$ $ $3,250$

Miscellaneous $ $840$ $ $2\mathrm{.}25$ $ $14,690$

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 $$7,500$ plus $$3\mathrm{.}30$ per liter of gelato sold and the actual wages for June were $$28,000.$ Via Gelato expected to sell $6,200$ liters in June, but actually sold $6,400$ 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.$)$