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 cost...

80.2K

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 $ 14.00 $ 83,540
Raw materials $ 4.85 $ 31,430
Wages $ 5,800 $ 1.60 $ 15,800
Utilities $ 1,830 $ 0.40 $ 4,500
Rent $ 2,800 $ 2,800
Insurance $ 1,550 $ 1,550
Miscellaneous $ 670 $ 0.55 $ 4,050

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 $5,800 plus $1.60 per liter of gelato sold and the actual wages for June were $15,800. Via Gelato expected to sell 6,200 liters in June, but actually sold 6,400 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

Advance Math
1.2K views

Explain why an FMEA online excel template is much easier to find than a Tolerance analysis...

Advance Math
1.2K views

Cost of Common Equity The future earnings, dividends, and common stock price of Carpetto Technologies Inc. are...

Biology
1.2K views

8D Emotional wellness Emotional well being is having an awareness understanding and acceptance of one...

Biology
1.2K views

The diagram below shows a bacterial cell undergoing binary fission O C C Which of...

Physics
1.2K views

rock with density 1700 kg m is suspended from the lower end of a light...

Physics
1.2K views

A projectile of mass M is fired so that the horizontal range is 4 km...

Algebra
1.2K views

Let f be: R?R given by f(x,y) = (y - x) (y 2x)Show that...

Algebra
1.2K views

Solve each equation Show your work and justify each step a 4x 3 19 4x...

Accounting
1.2K views

Direct Mat Pu Budget Anticipated sales for Safety Grip Company were 42,000 passenger car tires...

Accounting
1.2K views

Variable Overhead Variances Assume that the best cost driver that Sony has for variable factory...

Accounting
1.2K views

42 Accountants employed within organizations are called: O private accountants O tax consultants public accountants...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.) Alexa owns a condominium...