Exercise 9-15 (Algo) Flexible Budgets and Revenue and Spending Variances [LO9-1, LO9-3] Via Gelato, a popular neighborhood gelato shop, provided the following cost formulas and actual results for the month of June: Fixed Variable Element per Element per Actual Total Month Liter for June Revenue $ 23.00 $ 140,540 Raw materials $ 5.75 $ 37,030 Wages Utilities $ 6,700 $ 2.50 $ 21,800 $ 2,730 $ 1.30 $ 11,600 CES Rent $ 3,700 Insurance $ 2,450 Miscellaneous $ 760 1.45 $ 3,700 $ 2,450 $9,390 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 $6,700 plus $2.50 per liter of gelato sold and the actual wages for June were $21,800. Via Gelato expected to sell 6,100 liters in June but actually sold 6,300 liters. Required: Calculate Via Gelato's revenue and spending variances for June. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.

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Marla Baldwin was a blt anxlous as she created the year-end performance reports. She remembered how management had hoped the economy would make a favorable turn, taking pressure off consumers so they'd feel more comfortable spending on the company's splurge Item-a luxurious hooded cotton robe. Alas, actual production and sales ended at 5,100 units, a whopping 1,000 units shy of the company's original budget. The following Information presents the company's actual Income statement and other key Information for Marla. Sales Varlable costs: DM Actual Income DL Varlable-MOH Contribution margin Fixed costs: Fixed-MOH Fixed SG&A Operating Income Standards are as follows. Direct materials Direct labor Variable-MOH Fixed-MOH $800,700 Selling price Fixed SGSA expense 172,125 (for 11,475 yards purchased and used) 75,276 (for 3,672 hours used) 45,900 O Search 507,399 170,978 243,100 Standard Quantity per Unit 2.30 yards 0.70 DL hours $93.321 Additional master budget Information: 2.30 yards 2.30…

Required: Using Exhibit 9–9 as your guide, prepare the company’s flexible budget for July. The Terminator Inc. provides on-site residential pest extermination services. The company has several mobile teams who are dispatched from a central location in company-owned trucks. The EXERCISE 9-6 Critique a Variance Report LO9-6 company uses the number of jobs to measure activity. At the beginning of April, the compe budgeted for 100 jobs, but the actual number of jobs turned out to be 105. A report comparing budgeted revenues and costs to the actual revenues and costs appears below: The Terminator Inc. Variance Report For the Month Ended April 30 Planning Budget Actual Results Variances 105 100 Jobs ... .. Revenue .... $20,520 $19,500 $ 1,020 F Expenses: Mobile team operating costs . Exterminating supplies Advertising Dispatching costs .. Office rent .. 320 U 10,000 1,800 10,320 960 840 F 800 800 .. 2,340 140 U 1,800 2,100 2,200 1,800 2,100 Insurance. 0. Total expense ... 18,320 18,700 380 F…