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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.
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 pizzera'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 Five Cost anth Cost per Pizza $ 4.79 cost per Delivery $6,190 $ 750 $ 0.70 Pizza ingredients Kitchen statt Ulties Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.50 $1.70 $ 270 5512 52,150 $ 870 In November, the pizzeria budgeted for 1980 pizzas at an average selling price of $13 per puzza and for 200 deliveries. Data concerning the pizzera's actual results in November appear below. 2,00 Deliveries $27.73 Pin ingredients Kitchen start $ 5,130 Delivery person Delivervence Eupent depreciation Miscellaneous Required D 1 Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the enator November indicate the effect of each variance by selecting for favorable, "Ufor unfavorable, and "None" for no effecte, zero voronce). Input all amounts os positive values.) Equipment depreciation Rent Niscellaneous 2,150 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 as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results 2.080 Planning Budget Deliveres Revenue 27,730 Expenses Puzza ingredients - Kitchen start Utos Delivery person Delivery vehicle ment depreciation E Rent Miscellaneous Total xente Not operating income 5,735
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