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ch 9 3 Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free
ch 9
3 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 Cost per cont per Pizza Delivery $ 4.20 eBook $6,310 $ 810 $ 0.30 Hint Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.10 $1.20 $ 30 $ 560 $2,270 5 930 Print $ 0.15 References In November, the pizzeria budgeted for 2,160 pizzas at an average selling price of $19 per pizza and for 180 deliveries. Date concerning the pizzeria's actual results in November were as follows: Planas Deliveries Actual Results 2,260 160 Revenue Pin ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 9.43,690 $ 10,010 $ 6,250 905 $ 496 $ 1,026 $ 560 5 2,270 910 Required: 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 variance). Input all amounts as positive values.) pok Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget int Planning Budget Pizzas Actual Results 2.260 160 Deliveries Print $ 43,690 rences Revenue Expenses Pizza ingredients Kitchen statt 10.810 6,250 985 Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 496 1,026 560 2.270 910 23,307 20,383 $ Step by Step Solution
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