Revenue and spending variance
Revenue (6200*12-71540) | 2860 U |
Expense | |
Raw material | 400 U |
Wages | 420 F |
Utilities | 400 U |
Rent | 0 None |
Insurance | 0 None |
Miscellaneous | 230 F |
Total expense | 150 U |
Net operating income | 3010 U |
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas...
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 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 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 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 $ 28.00 $ 171,540 Raw materials $ 6.25 $ 40,530 Wages $ 7,200 $ 3.00 $ 26,300 Utilities $ 3,230 $ 1.80 $ 15,000 Rent $ 4,200 $ 4,200 Insurance $ 2,950 $ 2,950 Miscellaneous $ 810 $ 1.95 $ 12,890 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 $ 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 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...
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 $ 16.00 $ 90,540 Raw materials $ 5.05 $ 31,630 Wages $ 6,000 $ 1.80 $ 16,900 Utilities $ 2,030 $ 0.60 $ 6,000 Rent $ 3,000 $ 3,000 Insurance $ 1,750 $ 1,750 Miscellaneous $ 690 $ 0.75 $ 5,200 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 $ 23.00 $ 140,540 Raw materials $ 5.75 $ 37,030 Wages $ 6,700 $ 2.50 $ 21,800 Utilities $ 2,730 $ 1.30 $ 11,600 Rent $ 3,700 $ 3,700 Insurance $ 2,450 $ 2,450 Miscellaneous $ 760 $ 1.45 $ 9,390 While gelato...