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Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for

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

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Answer #1

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
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