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Complete the report showing via gelato revenue

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Reference no: EM132615135

Question - Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations:

Fixed Element per Month Variable Element per Liter Actual Total for June Revenue $30.00 $190,540

Raw materials $6.45 $42,930

Wages $7,400 $3.20 $28,400

Utilities $3,430 $2.00 $17,300

Rent $4,400 $4,400

Insurance $3,150 $3,150

Miscellaneous $830 $2.15 $14,390

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 $7,400 plus $3.20 per liter of gelato sold and the actual wages for June were $28,400. 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.

Reference no: EM132615135

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