Gelato Revenue and Spending Variances Assignment
February 19th, 2020
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June:
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.
Calculate Via Gelato revenue and spending variances for June. .