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 Variable Element per Element per Actual Total Month for June $ 160,540 $ 38,430 $ 24,900 $14,200 $4,100 $ 2,850 $ 11,790 $ 7,100 $ 3,130 $ 4,100 $ 2,850 $ 800 Liter $ 27.00 $6.15 $ 2.90 $ 1.70 1.85 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 $7,100 plus $2.90 per liter of gelato sold and the actual wages for June were $24,900. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters.
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 Variable Element per Element per Actual Total Month for June $ 160,540 $ 38,430 $ 24,900 $14,200 $4,100 $ 2,850 $ 11,790 $ 7,100 $ 3,130 $ 4,100 $ 2,850 $ 800 Liter $ 27.00 $6.15 $ 2.90 $ 1.70 1.85 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 $7,100 plus $2.90 per liter of gelato sold and the actual wages for June were $24,900. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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