Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sow Homework. Chapter 9 Check my work 3 Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well

image text in transcribed
image text in transcribed
Sow Homework. Chapter 9 Check my work 3 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. 10 points Yixed Coat per month Cont per cost per Pisa Delivery 5.4.40 BOOK 56,130 $ 220 $ 0.00 Pizza ingredients Kitchen statt Utstis Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3:20 $1.40 $ 740 $ 488 $2,090 5 840 50.20 Print In November, the pizzeria budgeted for 1,890 pizzas at an average selling price of $18 per pizza and for 250 deliveries Data concerning the pizzeria's actual results in November were as follows. References Pizza Deliveries Actuat Results 1.990 230 Ravenue Piaza ingredients kitchen statt Utilities Delivery person Delivery, vehicle Equipment depreciation Rent Miscellaneous 5 36,480 $ 9,190 $ 6,070 940 5736 $1,000 530 5 2,090 $ 35 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 (1.e., zero variance), Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report MC Graw HILI Rent Miscellaneous $ 2,090 856 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 Planning Budget Puzzas Deliveries Actual Results 1.990 230 $ 36,480 9.190 6,070 940 730 Revenue Expenses Pizza ingredients Kitchen stall Utilities Delivery person Delivery vehicle Equipment depreciation Rom Miscellaneous Total expense Not operating income 1,000 2,090 856 21,378 15,102 s Sow Homework. Chapter 9 Check my work 3 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. 10 points Yixed Coat per month Cont per cost per Pisa Delivery 5.4.40 BOOK 56,130 $ 220 $ 0.00 Pizza ingredients Kitchen statt Utstis Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3:20 $1.40 $ 740 $ 488 $2,090 5 840 50.20 Print In November, the pizzeria budgeted for 1,890 pizzas at an average selling price of $18 per pizza and for 250 deliveries Data concerning the pizzeria's actual results in November were as follows. References Pizza Deliveries Actuat Results 1.990 230 Ravenue Piaza ingredients kitchen statt Utilities Delivery person Delivery, vehicle Equipment depreciation Rent Miscellaneous 5 36,480 $ 9,190 $ 6,070 940 5736 $1,000 530 5 2,090 $ 35 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 (1.e., zero variance), Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report MC Graw HILI Rent Miscellaneous $ 2,090 856 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 Planning Budget Puzzas Deliveries Actual Results 1.990 230 $ 36,480 9.190 6,070 940 730 Revenue Expenses Pizza ingredients Kitchen stall Utilities Delivery person Delivery vehicle Equipment depreciation Rom Miscellaneous Total expense Not operating income 1,000 2,090 856 21,378 15,102 s

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

Step: 3

blur-text-image

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

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

18th Edition

0077486277, 978-0077486273

More Books

Students also viewed these Accounting questions