ces Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining...
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ces 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 per Month Pizza ingredients Cost per Pizza $ 4.10 Cost per Delivery Kitchen staff Utilities Delivery person $ 6,290 $ 800 $ 0.20 Delivery vehicle Equipment depreciation. Rent $ 820 $ 3.00 $ 2.20 $ 552 $ 2,250 Miscellaneous $ 920 $ 0.10 In November, the pizzeria budgeted for 2,130 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results Pizzas 2,230 Deliveries 230 Revenue $ 40,880 Pizza ingredients $ 10,630 Kitchen staff Utilities $ 6,230 $ 980 Delivery person. Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 690 $1,024 $ 552 $2,250 $ 904 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 ces 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 per Month Pizza ingredients Cost per Pizza $ 4.10 Cost per Delivery Kitchen staff Utilities Delivery person $ 6,290 $ 800 $ 0.20 Delivery vehicle Equipment depreciation. Rent $ 820 $ 3.00 $ 2.20 $ 552 $ 2,250 Miscellaneous $ 920 $ 0.10 In November, the pizzeria budgeted for 2,130 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results Pizzas 2,230 Deliveries 230 Revenue $ 40,880 Pizza ingredients $ 10,630 Kitchen staff Utilities $ 6,230 $ 980 Delivery person. Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 690 $1,024 $ 552 $2,250 $ 904 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
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