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Via Gelato, a popular neighborhood gelato shop, provided the following cost formulas and actual results for the month of June: Fixed Element per Month Variable

Via Gelato, a popular neighborhood gelato shop, 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                           $ 31.00 $ 191,540
Raw materials                 $ 6.55 $ 42,830
Wages                               $ 7,500 $ 3.30 $ 28,000
Utilities                             $ 3,530 $ 2.10 $ 17,400
Rent                                  $ 4,500 $ 4,500
Insurance                        $ 3,250 $ 3,250
Miscellaneous                 $ 8402.25 $ 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 $3.30 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's revenue and spending variances for June.

  

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