Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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: Pizza Ingredients kitchen staff Utilities Delivery person Delivery vehicle Hent Miscellane Fixed Dist perth Ost per Desper Delivery $4.78 $5,970 5640 $9.00 $3.40 $424 $1,900 In November, the pizzeria budgeted for 1650 pizzas at an average selling price of $18 per pizza and for 250 deliveries Data conceming the pizzeria's actual results in November were as follows PLZEN Actual 1,750 Deliveries Revenue 330 332,000 Pizza ingredients $7.75 Kitchen staff $900 Delivery person $990 1424 $1,930 Delivery vehicle Equipment depreciation Bent niscellaneous 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 es positive values.) Answer is not complete.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started