Via Gelato Is a popular neighborhood gelato shop The company

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 Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous 6,808 $ 2,838 3,808 s 1,758 $ 696 Variable Element per Liter $ 16.88 $ 5.05 $ 1.88 $ 8.68 Actual Total for June $ 98,548 $ 31,638 $ 16,908 $6,808 $ 3,888 $ 1,758 $ 5,288 $ 8.75 Whlle gelato Is sold by the cone or cup, the shop measures ts actvity In terms of the total number of liters of gelato sold. For example, wages should be $6,000 plus $1.80 per liter of gelato sold and the actual wages for June were $16,900. Via Gelato expected to sell 6,000 liters In June, but actually sold 6.200 liters. Required Calculate Vla Gelato revenue and spending varlances for June. (Indicate the effect of each varlance by selecting \"F\" for favorable, U\" for unfavorable, and \"None\" for no effect (l.e., zero varlance). Input all amounts as positive values.) Revenue and Spending Variances For the Month Ended June 30 Revenue Expenses Raw materials Wages Ubilities Rent Insurance Miscelaneous Total expense Net operating income

Solution

Revenue and spending variance :

Revenue	8660 U
Expense
Raw materials	320 U
Wages	260 F
Utilities	250 U
Rent	0 None
Insurance	0 None
Miscellaneous	140 F
Total expense	170 U
Net operating income	8830 U