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: Book Fixed Cost per Month $6,370 $ 840 Hit Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Cost per cost per Pizza Delivery $ 4.50 $ 0.60 $3.40 $1.50 5 860 $ 584 $2,330 5960 $ 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 appear below. Actual Results Pizzas 2,350 Deliveries 190 Revenue Pizza ingredients Kitchen staff Utilities han $ 52,480 $ 11,350 $ 6,310 $ 1.000 2 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 appear below. Actual Results 2,350 190 Book Pizzas Deliveries Revenue Pizza ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 52,480 $ 11,350 $ 6,310 $1,000 $ 646 $ 1,032 $ 584 $ 2,330 $ 928 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 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 Actual Results D Next 09 i Check 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 Actual Results 2.350 190 Pizzas Deliveries 52.480 11,350 6,310 Revenue $ Expenses Pizza ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net Operating income S 1,000 545 1,032 584 2,330 928 24,180 26.300 Next >
