Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and

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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 1 (58.28 KiB) Viewed 7 times

Milano Pizza Is A Small Neighborhood Pizzeria That Has A Small Area For In Store Dining As Well As Offering Take Out And 2 (49.74 KiB) Viewed 7 times

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: Pizzas Deliveries Revenue. Pizza ingredients Kitchen staff Fixed Cost per Month Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle. $ 740 Equipment depreciation. $488 Rent $ 2,090 Miscellaneous $ 840 $0.20 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: $ 6,130 $ 720 Actual Results 1,998 230 $36,480 $9,190 $6,070 $948 $736 $ 1,008 Cost per Pizza $ 4.40 $ 0.40 $488 $ 2,090 $ 856 Cost per Delivery $ 3.20 $ 1.40 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 (i.e., zero variance). Input all amounts as positive values.)
Pizzas Deliveries Revenue Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income Actual Results $ $ 1,990 230 36,480 9,190 6,070 940 736 1,008 488 2,090 856 21,378 15,102 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget