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 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 $5,600 plus $1.40 per liter of gelato sold and the actual wages for June were $13,860. Via Gelato expected to sell 6,000 liters in June, but actually sold 6,200 liters.
Required:1. Calculate Via Gelato revenue and spending variances for June.

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?

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