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

Respuesta :

khuranashilpa76

Via Gelato expected to sell 6.000 liters in June but actually sold 6.200 liters.

Via Gelato

Neighborhood is defined as a group of homes or buildings which might be collectively in an area or which might be grouped together as a unit. all of the houses in your subdivision are an example of your community.

Revenue and Spending Variances

For the month ended June 30

Flexible Budget

Actual

Revenue/Spending Variance

Liters

6200

6200

Revenue

$93,000

$84,540

$8,460

Unfavorable

Expenses:

Raw materials

$30,690

$31,530

$840

Unfavorable

Wages

$16,440

$15,900

$540

Favorable

Utilities

$5,030

$5,500

$470

Unfavorable

Rent

$2,900

$0

Insurance

$1,650

$0

Miscellaneous

$4,710

$4,150

$560

Favorable

Total expense

$61,420

$61,630

$210

Unfavorable

Net operating income

$31,580

$22,910

$8,670

Unfavorable

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