Question: table [ [ , Fixed Element per Month,Variable Element per Liter,Actual Total for June ] , [ Revenue , , $ 1 9 .
tableFixed Element per Month,Variable Element per Liter,Actual Total for JuneRevenue$ $ Raw materials,,$ $ Wages$ $ $ Utilities$ $ $ Rent$ $ Insurance$ $ Miscellaneous$ $
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 $ plus $ per liter of gelato sold and the actual wages for June were $ Via Gelato expected to sell liters in June but actually sold liters.
Required:
Calculate Via Gelato's revenue and spending variances for June.
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
tableVia GelatoRevenue and Spending VariancesFor the Month Ended June URevenueExpenses:Raw materials,UWagesFUUtiliesNoneRentInsuranceNoneFMiscellaneousTotal expenses,Net operating income,
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