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 plzzeria'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 Cost Cost per per month Cost per Pizza $ 4.50 Delivery 56,370 $ 340 $ 0.60 Pir Ingredients kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent miscellaneous 53.40 $1.50 $ 860 $ 5854 $2,330 $ 964 $0.10 In November, the pizzeria budgeted for 2.250 pizzas at an average selling price of $22 per pizza and for 210 deliveries Data concerning the pizzeria's actual results in November were as follows: 2 Pias Deliveries Actuel Results 2,350 190 Revenue Pizza ingredients Kitchen Staff ties Delivery person Delivery vehicle Equipment depreciation Miscellaneous $ 52,450 11.350 5 6,310 $ 1,000 $ 646 5 1,01 $ 584 $ 2.350 5 920 Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity vallances for the pizzeria for November (indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effectie., zero variance). Input all amounts os positive values.) 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 vorionce by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) eBook Hint Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget Plaza Deliveries Actual Results 2,350 190 References $ 52,480 Revenue Expenses Pleza ingredients Kitchen stall Unities Delivery person Delivery vehicle Equipment deprecation Rent Miscellaneous Total expense Net operating income 11,360 6310 1.000 646 1,032 534 2330 928 24.180 28.300 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 plzzeria'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 Cost Cost per per month Cost per Pizza $ 4.50 Delivery 56,370 $ 340 $ 0.60 Pir Ingredients kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent miscellaneous 53.40 $1.50 $ 860 $ 5854 $2,330 $ 964 $0.10 In November, the pizzeria budgeted for 2.250 pizzas at an average selling price of $22 per pizza and for 210 deliveries Data concerning the pizzeria's actual results in November were as follows: 2 Pias Deliveries Actuel Results 2,350 190 Revenue Pizza ingredients Kitchen Staff ties Delivery person Delivery vehicle Equipment depreciation Miscellaneous $ 52,450 11.350 5 6,310 $ 1,000 $ 646 5 1,01 $ 584 $ 2.350 5 920 Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity vallances for the pizzeria for November (indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effectie., zero variance). Input all amounts os positive values.) 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 vorionce by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) eBook Hint Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget Plaza Deliveries Actual Results 2,350 190 References $ 52,480 Revenue Expenses Pleza ingredients Kitchen stall Unities Delivery person Delivery vehicle Equipment deprecation Rent Miscellaneous Total expense Net operating income 11,360 6310 1.000 646 1,032 534 2330 928 24.180 28.300
