CoursHeroTranscribedText: PROBLEM 10.3 Via Gelato is a popular neighborhood gelato shop. The company has provided...
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CoursHeroTranscribedText: PROBLEM 10.3 Via Gelato is a popular neighborhood gelato shop. The company has provided the following data concerning its operations: Fixed Variable Actual Element Element Total for per Month per Liter 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: Prepare a report showing Via Gelato revenue and spending variances for June
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