Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. via gelato is a popular neighborhood gelato shop.

Via Gelato is a popular neighborhood gelato shop. The company has provided the following...

50.1K

Verified Solution

Question

Accounting

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 Variable Element per Liter Actual Total for June
Revenue $ 12.00 $ 71,540
Raw materials $ 4.65 $ 29,230
Wages $ 5,600 $ 1.40 $ 13,860
Utilities $ 1,630 $ 0.20 $ 3,270
Rent $ 2,600 $ 2,600
Insurance $ 1,350 $ 1,350
Miscellaneous $ 650 $ 0.35 $ 2,590
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 $5,600 plus $1.40 per liter of gelato sold and the actual wages for June were $13,860. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters.
Required:
Calculate Via Gelato revenue and spending variances for June.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Question : Variance AnalysisThe following standard cost data relate to the operation ofDragon Company...Question...

Biology
1.2K views

1-outline the steps in the digestion, absorption, and transport fats. 2-describe how an excess of carbohydrate,...

Physics
1.2K views

Two satellites of earth S and S2 are moving in the same orbit The mass...

Basic Math
1.2K views

Betsy a recent retiree requires 6 000 per year in extra income She has 70...

Statistics
1.2K views

The time between arrivals of vehicles at a particular intersection follows an exponential probability distribution...

Calculus
1.2K views

3 Bacteria population A bacteria culture initially contains 100 cells and grows at a rate...

Accounting
1.2K views

Kiddy Toy Corporation needs to acquire the use of a machine to be used...

Accounting
1.2K views

Question 2 ew Policies urrent Attempt in Progress Kingbird Company leases an automobile...

Accounting
1.2K views

\table[[Fixed manutacturing overhead,$812,0001 Required information SB Exercise 6-14 through Exercise 6-15(Algo) ...

Accounting
1.2K views

Breve Ejercicio 12-6 Cheyenne Corporation posee una patente que tiene un valor en libros...

Accounting
1.2K views

Which term describes a sample that accurately reflects the population from which it is drawn?...

Accounting
1.2K views

A corporation that maintains a large fleet of company cars for the use of its...