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ID: 2551233 • Letter: X
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x M This is your Turnitin Dig nect New Tab Solved: Critiquing a Cos x C Secure | https://newconnect.mheducation.com/flow/connect html Check my work mode : This shows what is correct or Incorrect for the wor k you have completed so far. It does not indicate compl 2 Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June 3.33 points Fixed Element per Month Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous $ 7,300 3,330 4,300 3,050 $ 820 Variable Element per Liten 29.00 $ 6.35 3.10 1.90 . Actual Total for June 175,540 40,630 % 26,400 16, 100 4,300 2.05 $3,050 12,990 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 $7,300 plus $3.10 per liter of gelato sold and the actual wages for June were $26,400. Via Gelato expected to sell 6,100 liters in June, but actually sold 6,300 liters Required Calculate Via Gelato revenue and spending variances for June. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 3 Answer is complete but not entirely correct. Via Gelato Revenue and Spending Variances $5,800 U Raw materials(625) U For the Month Ended June 30 Revenue Expenseš Wages 430 F Mc GrawExplanation / Answer
Actual Flexible budget Revenue and spending variances Revenue 175540 182700 7160 U Expenses: Raw materials 40630 40005 625 U Wages 26400 26830 430 F Utilities 16100 15300 800 U Rent 4300 4300 0 None Insurance 3050 3050 0 None Miscellaneous 12990 13735 745 F Total expenses 103470 103220 250 U Net operating income 72070 79480 7410 U
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