Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost...
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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 | $ | 28.00 | $ | 171,540 | |||||
| Raw materials | $ | 6.25 | $ | 40,530 | |||||
| Wages | $ | 7,200 | $ | 3.00 | $ | 26,300 | |||
| Utilities | $ | 3,230 | $ | 1.80 | $ | 15,000 | |||
| Rent | $ | 4,200 | $ | 4,200 | |||||
| Insurance | $ | 2,950 | $ | 2,950 | |||||
| Miscellaneous | $ | 810 | $ | 1.95 | $ | 12,890 | |||
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 $7,200 plus $3.00 per liter of gelato sold and the actual wages for June were $26,300. Via Gelato expected to sell 6,200 liters in June, but actually sold 6,400 liters.
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You can see the logs in the Dashboard.