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Check my work Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free
Check my work 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 driversthe number of pizzas sold and the number of deliveries made. 1.33 points The pizzeria's cost formulas appear below: eBook Fixed Cost per Month Cost per Pizza $ 4.10 cost per Delivery Print $6,290 $ 800 References $ 0.20 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.00 $2.20 $ 820 $ 552 $2,250 $ 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 appear below: 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 appear below: Actual Results 2,230 230 - Pizzas Deliveries A A Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 40,880 $ 10,630 6,230 980 690 552 2,250 $ 904 A A 1,024 A A 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.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget Pizzas Deliveries Actual Results 2,230 230 Revenue $ 40,880 Expenses: Pizza ingredients Kitchen staff Utilities 10,630 6,230 980 Delivery person 690 Delivery vehicle Equipment depreciation 1,024 552 Rent 2,250 Miscellaneous Total expense Net operating income 904 23,260 17,620 $
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