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There are three problems and one bonus problem. Each one is worth the score indicated next to the problem number. for complete credit. You may
There are three problems and one bonus problem. Each one is worth the score indicated next to the problem number. for complete credit. You may attach extra pages if you so desire. Please be NEAT when writing your answers. I cannot grade illegible answers. Pie Guys Pizzeria is owned and operated by three brothers. Data concerning the pizzeria's monthly revenues and costs appear below (q refers to t re number of pizzas served): Actual results for February appeal below. Prepare a flexible budget per report for the pizzeria for February for 2, 200 pizzas. Prepare a budget for 2, 300 pizzas (this is the static budget). Prepare a budget for 2, 200 pizzas (this is the flexible budget). Compute the activity variances between the two budgets and revenue/spending variances between the actual data and the flexible budget. Also indicate whether the variance is favorable or unfavorable
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