Syed Help 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 mumber of deliveries made. The pizzeria's cost formulas appear below. Fixed Cost Cost per Pizza Cost per per Month Delivery $ 4.70 $5,970 $ 640 $ 0.60 Pizza ingredients Kitchen staff Utilities Delivery person Delivery Vehicle Equipment depreciation Rent Miscellaneous $3.40 $1.80 $ 660 $ 424 $1,930 $ 760 $ 0.06 In November, the pizzeria budgeted for 1650 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria's actual results in November appear below. Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery Vehicle Equipment deoreciation Actual Results 1.250 230 $ 32,00 $ 7,750 $ 5, 910 5 900 5 782 $ 5 42-4 992 In November, the pizzeria budgeted for 1.650 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria's actual results in November appear below. Pizzas Deliveries Revenue Pizza Ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 1,750 230 $ 32,080 $ 7,750 $ 5,910 $ 900 $ 782 $ 992 $ $ 1.930 $ 808 Required: 1. Compute the revenue and spending variances for the pizzeria for November (Indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values.) Milano Pizza Revenue and Spending Variances For the Month Ended November 30 Actual Revenue and Spending D. M Flexible Rat Saved 1. Compute the revenue and spending variances for the pizzeria for November (Indicate the effect of each variance by selecti for favorable, "U" for unfavorable, and "None" for no effect fi.e., zero variance). Input all amounts as positive values.) Help Milano Pizza Revenue and Spending Variances For the Month Endod November 30 Actual Revenue and Spending Results Variances 1.750 230 Pizzas Deliveries Flexible Budget $ 32,080 7.750 5.910 900 Revenue Expenses Pizza ingredients Kitchen stall Utilities Delivery person Delivery vehicle Equipment depreciation Ront Miscellaneous Total expense 782 992 424 1.930 808 19,496 12 ERA Revenue and Spending Variances For the Month Ended November 30 Actual Revenue and Spending Results Variances 1,750 Flexible Budget Pizzas Deliveries 230 Revenue 32,080 7,750 5.910 900 782 Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 992 424 1.930 808 19,496 12 584 S
