Solution
Via Gelato | ||
Revenues and Spending Variance | ||
For the Month ended June 30 | ||
Revenue | $ 5,860.00 | U |
Expenses: | ||
Raw material | $ 900.00 | U |
Wages | $ 480.00 | F |
Utilities | $ 430.00 | U |
Rent | $ - | None |
Insurance | $ - | None |
Miscellaneous | $ 530.00 | F |
Total Expenses | $ 320.00 | U |
Net Operating Income | $ 6,180.00 | U |
.Working
A=B +(C x D) | C | B | D | |
Revenue | $ 136,400 | 6200 | 22 | |
Expenses: | 6200 | |||
Raw material | $ 35,030 | 6200 | 5.65 | |
Wages | $ 21,480 | 6200 | 6600 | 2.4 |
Utilities | $ 10,070 | 6200 | 2630 | 1.2 |
Rent | $ 3,600 | 6200 | 3600 | |
Insurance | $ 2,350 | 6200 | 2350 | |
Miscellaneous | $ 9,120 | 6200 | 750 | 1.35 |
Total Expenses | $ 81,650 | |||
Net Operating Income | $ 54,750 |
Variance amounts = Actual - Flexible data
9-16 Exercise 9-16 Flexible Budgets and Revenue and Spending Variances (LO9-1, LO9-3) Via Gelato is a...
Exercise 9-16 Flexible Budgets and Revenue and Spending Variances [LO9-1, LO9-3] Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Fixed Element Variable Element Actual Total per Liter $ 15.00 $ 4.95 $ 1.70 $ 0.50 for June per Month $ 84,540 $31,530 $ 15,900 $ Revenue Raw materials $5,900 $ 1,930 $ 2,900 $ 1,650 $ Wages Utilities 5,500 $ 2,900 $ Rent 1,650...
Exercise 9-16 Flexible Budgets and Revenue and Spending Variances (LO9-1, LO9-3] Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Fixed Element Variable Element Actual Total per Month per Liter for June $ 17.00 $ 99,540 $ 5.15 $ 32,730 $ 6,100 $ 1.90 $ 17,900 $ 2,130 $ 0.70 $ 7,000 $ 3,100 $ 3,100 $...
Exercise 9-16 Flexible Budgets and Revenue and Spending Variances [LO9-1, LO9-3] Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Fixed Element per Month Variable Element per Liter Actual Total for June Revenue $ 19.00 $ 111,530 Raw materials $ 5.35 $ 33,830 Wages $ 6,300 $ 2.10 $ 18,900 Utilities $ 2,330 $ 0.90 $ 8,100 Rent $ 3,300 $ 3,300 Insurance $ 2,050...
Exercise 9-16 Flexible Budgets and Revenue and Spending Varlances [LO9-1, LO9-3] Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Fixed Element per Month Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Variable Element per Liter $ 29.09 $ 6.35 $ 3.10 $ 1.90 $ 7,300 $ 3.330 $ 4,300 $ 3.ese $ 829 Actual Total for June $ 175, 548 $ 40.639 $ 26,400...
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: 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...
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June Fixed Element per Month Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Variable Element per Liter $ 12.00 $ 4.65 $ 1.40 $ 0.20 $ 5,600 $ 1,630 $ 2,600 $ 1,350 $ 650 Actual Total for June $ 71,540 $ 29, 230 $ 13,860 $ 3,270 $ 2,600 $ 1,350 $ 2,590 $ 0.35 While...
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Fixed Element per Month Variable Element per Liter Actual Total for June Revenue $ 13.00 $ 72,540 Raw materials $ 4.75 $ 30,330 Wages $ 5,700 $ 1.50 $ 14,560 Utilities $ 1,730 $ 0.30 $ 3,800 Rent $ 2,700 $ 2,700 Insurance $ 1,450 $ 1,450 Miscellaneous $ 660 $ 0.45 $ 2,990 While gelato...
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Fixed Element per Month Revenue Raw materials Wages Utilities Rent Insurance Miscellaneous Variable Element per liter $ 19.00 $ 5.35 $ 2.10 $ 0.90 $ 6,300 $ 2,330 $ 3,300 $ 2,050 $ 720 Actual Total for June $ 111,530 $ 33,830 $ 18,900 $ 8,100 $ 3,300 $ 2,050 $ 6,900 $ 1.05 While gelato...
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Fixed Element per Month Variable Element per Liter Actual Total for 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...
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for the month of June: Fixed Element per Month Variable Element Actual Total per Liter 29.00 S 6.35 3.10 s 1.90 for June 175,540 40,630 $ Revenue Raw materials 7,300 $ 3,330 4,300 3,050 Wages Utilities 26,400 16,100 4,300 3,050 12,990 Rent Insurance $ 2.05 Miscellaneous 820 While gelato is sold by the cone or cup, the shop measures its activity...