Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as...
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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 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: Fixed Cost per Month Pizza ingredients Cost per Pizza $ 4.48 Cost per Delivery Kitchen staff Utilities $ 5,910 $ 610 $ 0.30 Delivery person Delivery vehicle $ 630 $ 3.18 $ 1.50 Equipment depreciation Rent $ 400 $ 1,870 $ 730 $ 8.15 Miscellaneous In November, the pizzeria budgeted for 1.560 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,668 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Required: 200 $ 25,458 $ 7,210 $ 5,850 $ 885 $ 620 $ 986 $ 488 $ 1,870 $ 798 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Pizzas Deliveries Revenue Expenses: Pizza ingredients Kitchen staff Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget 1,660 200 S 7,304 Actual Results 1.660 200 $ 25,450 7,210 5,850 Utilities 885 Delivery person 620 Delivery vehicle 986 Equipment depreciation 400 Rent 1.870 Miscellaneous 790 Total expense 18.611 0 $ 920 Planning Budget 1,560 220 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: Fixed Cost per Month Pizza ingredients Cost per Pizza $ 4.48 Cost per Delivery Kitchen staff Utilities $ 5,910 $ 610 $ 0.30 Delivery person Delivery vehicle $ 630 $ 3.18 $ 1.50 Equipment depreciation Rent $ 400 $ 1,870 $ 730 $ 8.15 Miscellaneous In November, the pizzeria budgeted for 1.560 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,668 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Required: 200 $ 25,458 $ 7,210 $ 5,850 $ 885 $ 620 $ 986 $ 488 $ 1,870 $ 798 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Pizzas Deliveries Revenue Expenses: Pizza ingredients Kitchen staff Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget 1,660 200 S 7,304 Actual Results 1.660 200 $ 25,450 7,210 5,850 Utilities 885 Delivery person 620 Delivery vehicle 986 Equipment depreciation 400 Rent 1.870 Miscellaneous 790 Total expense 18.611 0 $ 920 Planning Budget 1,560 220
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Related Book For
Managerial Accounting
ISBN: 978-0077522940
15th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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