2 Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers--the number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Fixed Cost Cost per Cost per per Month Pizza Delivery Pizza ingredients $.4.30 Kitchen staff $5,890 Utilities $ 600 $ 0.20 Delivery person $3.00 Delivery vehicle $ 620 $1.40 Iquipment depreciation $ 392 Rent $1,850 Miscellaneous $ 720 $ 0.10 Book Ask ferences In November, the pizzeria budgeted for 1,530 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November appear below. Actual PS Deliveries Results 1.630 190 Revenue Dia medients Kitchen start Utilities Delivery person Delivery vehicle Equipment depreciation kont Miscellaneous $23.360 $ 7,030 $5.00 800 5 570 5 984 $ 392 $ 1,850 Required: 1 Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variancel. Input all amounts as positive values.) Saved Ch. 9. Homework 2 VELVET venice Equipment depreciation Rent Miscellaneous $ 392 $ 1,050 9 784 3.33 points Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values.) Aak Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget 1,530 210 References Actual Results 1,630 190 Puzas Deliveries Planning Budget 1,530 210 $ 23,360 7.030 5,830 880 570 Revenue Expenses Pizza ingredients Kitchen stall Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 984 392 1,850 784 18,320 5,040 $ 2 Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers--the number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Fixed Cost Cost per Cost per per Month Pizza Delivery Pizza ingredients $.4.30 Kitchen staff $5,890 Utilities $ 600 $ 0.20 Delivery person $3.00 Delivery vehicle $ 620 $1.40 Iquipment depreciation $ 392 Rent $1,850 Miscellaneous $ 720 $ 0.10 Book Ask ferences In November, the pizzeria budgeted for 1,530 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November appear below. Actual PS Deliveries Results 1.630 190 Revenue Dia medients Kitchen start Utilities Delivery person Delivery vehicle Equipment depreciation kont Miscellaneous $23.360 $ 7,030 $5.00 800 5 570 5 984 $ 392 $ 1,850 Required: 1 Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variancel. Input all amounts as positive values.) Saved Ch. 9. Homework 2 VELVET venice Equipment depreciation Rent Miscellaneous $ 392 $ 1,050 9 784 3.33 points Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values.) Aak Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget 1,530 210 References Actual Results 1,630 190 Puzas Deliveries Planning Budget 1,530 210 $ 23,360 7.030 5,830 880 570 Revenue Expenses Pizza ingredients Kitchen stall Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 984 392 1,850 784 18,320 5,040 $