Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fixed Month Cost per Cost per Cost per Delivery Pizza Pizza ingredients $ 4.50 Kitchen staff $ 5,930 Utilities $ 620 $ 0.40 Delivery

image

Fixed Month Cost per Cost per Cost per Delivery Pizza Pizza ingredients $ 4.50 Kitchen staff $ 5,930 Utilities $ 620 $ 0.40 Delivery person Delivery vehicle $ 640 $ 3.20 $ 1.60 Equipment depreciation Rent $ 408 $ 1,890 Miscellaneous $ 740 $ 0.20 In November, the pizzeria budgeted for 1,590 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 1,690 210 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 27,600 $ 7,390 $ 5,870 $ 890 $ 672 $ 988 $ 408 $ 1,890 $ 796 1. Compute the revenue and spending 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.) "Note" Milano Pizza Revenue and Spending Variances For the Month Ended November 30 Pizzas Deliveries Revenue Actual Results Revenue and Spending Variances Flexible Budget 1,690 2,020 210 160 $ 27,600 Expenses: Pizza ingredients 7,390 Kitchen staff Utilities 5,870 890 Delivery person 672 Delivery vehicle 988 Equipment depreciation 408 Rent 1,890

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_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

=+c) Find the standard deviation of the net revenue.

Answered: 1 week ago