Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The pizzeria's cost formulas appear below Fixed Cost per Month Cost per Cost per Delivery Pizza 4.20 0.30 Pizza ingredients Kitchen staff Utilities Delivery person
The pizzeria's cost formulas appear below Fixed Cost per Month Cost per Cost per Delivery Pizza 4.20 0.30 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $6,310 $810 $3.10 $1.20 $ 830 $ 560 $2,270 $ 930 $0.15 In November, the pizzeria budgeted for 2,160 pizzas at an average selling price of $19 per pizza and for 180 deliveries Data concerning the pizzeria's actual results in November appear below: Actual Pizzas Deliveries Results 2,260 160 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 43,690 10,810 $ 6,250 $ 985 $496 $ 1,026 $560 $ 2,270 $910 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 Actual Results Flexible Budget Planning Budget Pizzas 2,260 160 Deliveries Revenue $43,690 Expenses Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 10,810 6,250 985 496 1,026 560 2,270 910 23,307 $20,383 Total expense Net operating income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started