Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Coster 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

image text in transcribed
image text in transcribed
Coster 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 pizzera's cost formulas appear below Fixed cost Cost per per Month PE Delivery Pizza ingredients $ 4.00 Kitchen staff 55.000 Utilities 3650 $ 0.0 Delivery person 53:50 Delivery vehicle $ 60 Equipment depreciation $432 Rent Miscellaneous $70 $0.10 $1,950 In November the pizzeria budgeted for 1.680 pizzas at an average selling price of 519 per pizza and for 180 deliveries Data concerning the pizzeria's actual results in November were as follows: PERE Deliveries 1,70 160 5. Revenue DET Ingredients Kitchen Staff Utilities Delivery person Delivery vehicle Equipment depreciation Miscella 534.410 7.90 $ 5 sos 1 $ 964 $ 5 1,950 314 Required: 1 Complete the flexible budget performance report that shows botievenue and spending variances and activity variances for the bazena for November (Indicate the effect of each voronce by selecting "* for favorable. "U" for unfavorable, and "None" for no effect de zero variance), Input all amounts as positive values) Revenue Plata ingredients Kitchen staff utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 34,410 5 7,93 $5.95 $ 90% $ 500 5994 5432 1,950 114 Required: 1 Complete the flexible budget performance report that shows both revenue and spending variances and activity varences for the pizzeria for November (Indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts os positive values) Fleet Paper For the Motheed November A He 1700 Puz Deliveries 160 5 140 7.330 5950 905 S60 Revenge Expenses Poza ingredients Kitchen sta Us Delivery person Delivery wide Equipment depreciation Rent Miscellaneous Total expense Net operating income 432 1950 814 19 515 5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Auditing Real Issues And Cases

Authors: Michael C. Knapp

7th Edition

0324658052, 978-0324658057

More Books

Students also viewed these Accounting questions

Question

What is the problem asking me?

Answered: 1 week ago