Via Gelato is a popular neighborhood gelato shop. The company has provided the following data...
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Accounting
Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Variable Element Element per Month per Liter $2400 $ 5.85 $ 6,800 $ 2.60 $2830 $ 140 $ 3.800 $ 2.550 $ 770 $ 155 Actual Total for June S150 540 $38.930 $23.700 $ 12.400 $ 3.800 $ 2.550 S 10.790 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 56,800 plus 52 60 per liter of gelato sold and the actual wages for June were $23.700 Via Gelato expected to sell 6.400 liters in June but actually sold 6.600 liters Required: Complete the report showing Via Gelato revenue and spending variances for June. (Input all amounts as positive values. Indicate the effect of each variance by selecting for favorable for unfavorable, and "None" for no effect i... zero variance), Via Gelato Revenue and Spending Variances For the Month Ended June 30 Revenue U Expenses Raw materials U Wages Utilities Rent Insurance Miscellaneous Total expense U Nel operating Income 0
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You can see the logs in the Dashboard.