Question: Will be using as study material later on so if possible steps included would be much appreciated. Many thanks! Required: Calculate Via Gelato's revenue and

Will be using as study material later on so if possible steps included would be much appreciated.

Many thanks!

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 (i.e., zero variance). Input all amounts as positive values. Exercise 9-15 (Algo) Flexible Budgets and Revenue and Spending Variances [LO9-1, L09-3] Via Gelato, a popular neighborhood gelato shop, provided the following cost formulas and actual results for the month of June: 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 $5,700 plus $1.50 per liter of gelato sold and the actual wages for June were $14,560. Via Gelato expected to sell 6,000 liters in June but actually sold 6,200 liters

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