Check my we 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 Coat per Month Cost per Pizza $ 4.20 Cost per Delivery $6,090 700 $ 0.20 5 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.00 $1.20 $ 720 $ 472 $ 2,050 $ 820 $ 0.10 In November, the pizzeria budgeted for 1,830 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 1,930 210 Pizzas Deliveries Revenue Pia inaredients $ 31,520 $ R.RO Saved Help Save & Exit Miscellaneous Check my $ 820 $ 0.10 In November, the pizzeria budgeted for 1,830 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November appear below: Pizzas Deliveries Actual Results 1,930 210 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 31,520 $ 8,830 $ 6,030 $ 930 $ 630 $ 1,004 $ 472 $ 2,050 $ 844 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 (.e., zero variance). Input all amounts as positive values.) Milano Pizza Say Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity varianc pizzeria for November. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "Ne effect (i.e., zero variance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results 1,930 Planning Budget Pizzas Deliveries 210 Revenue $ 31,520 Expenses: Pizza ingredients Kitchen staff 8,830 6,030 Utilities 930 630 Delivery person Delivery vehicle Equipment depreciation 1,004 472 Saved Help Sa Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results 1.930 Pizzas Planning Budget Deliveries 210 $ 31,520 Revenue Expenses: Pizza ingredients Kitchen staff 8,830 6,030 930 630 Utilities Delivery person Delivery vehicle Equipment depreciation 1,004 472 Rent 2,050 Miscellaneous 844 Total expense Net operating income 20,790 10,730 $
