Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 $ 4.50 Cost per Delivery Kitchen staff $ 5,930 Utilities Delivery person $ 620 $ 0.40 Delivery vehicle $ 640 $ 3.20 $ 1.60 Equipment depreciation $ 408 $ 1,890 $ 740 $ 0.20 Rent Miscellaneous In November, the pizzeria budgeted for 1,590 pizzas at an average selling price of $16 per pizza and for 230 deliveries. 4 4 points eBook Data concerning the pizzeria's actual results in November were as follows: Actual Results Pizzas Deliveries Revenue Kitchen staff 1,690 210 $ 27,600 Pizza ingredients $ 7,390 $ 5,870 Utilities Delivery person $ 890 $ 672 $ 988 $ 408 Hint Print References Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 1,890 $ 796 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.) 4 Milano Pizza Flexible Budget Performance Report 4 points eBook Pizzas Deliveries Revenue Actual Results 1,690 210 $ 27,600 Hint Expenses: Print Pizza ingredients 7,390 Kitchen staff 5,870 References Utilities 890 Delivery person 672 Delivery vehicle 988 Equipment depreciation 408 Rent 1,890 Miscellaneous 796 Total expense 18,904 Net operating income $ 8,696 For the Month Ended November 30 Flexible Budget Planning Budget 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 $ 4.50 Cost per Delivery Kitchen staff $ 5,930 Utilities Delivery person $ 620 $ 0.40 Delivery vehicle $ 640 $ 3.20 $ 1.60 Equipment depreciation $ 408 $ 1,890 $ 740 $ 0.20 Rent Miscellaneous In November, the pizzeria budgeted for 1,590 pizzas at an average selling price of $16 per pizza and for 230 deliveries. 4 4 points eBook Data concerning the pizzeria's actual results in November were as follows: Actual Results Pizzas Deliveries Revenue Kitchen staff 1,690 210 $ 27,600 Pizza ingredients $ 7,390 $ 5,870 Utilities Delivery person $ 890 $ 672 $ 988 $ 408 Hint Print References Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 1,890 $ 796 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.) 4 Milano Pizza Flexible Budget Performance Report 4 points eBook Pizzas Deliveries Revenue Actual Results 1,690 210 $ 27,600 Hint Expenses: Print Pizza ingredients 7,390 Kitchen staff 5,870 References Utilities 890 Delivery person 672 Delivery vehicle 988 Equipment depreciation 408 Rent 1,890 Miscellaneous 796 Total expense 18,904 Net operating income $ 8,696 For the Month Ended November 30 Flexible Budget Planning Budget
Expert Answer:
Answer rating: 100% (QA)
Milano Pizzas cost formulas are as follows Fixed Cost per Month 6130 Cost per Pizza 440 Cost per Del... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0077522940
15th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
Students also viewed these finance questions
-
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 pizzerias owner has determined that the shop...
-
In three years, assuming the competitive environment remains unchanged, how many units of Bat will Baldwin be selling in the Nano market segment? A. 639 B. 431 C. 716 D. 561 Nano Statistics Total...
-
Why is using APA Style important for effective scholarly writing?
-
Derive an expression analogous to Equation 26-18 for the titration of M+ (concentration C0M, volume = V0M ) with X- (titrant concentration = C0X ). Your equation allows you to compute the volume of...
-
A project consists of three tasks: A, B, and C. Task A is known to take five days for sure. Tasks B and C are each dependent on A. B takes five days. C takes seven days with a probability of 0.5 and...
-
Show that \[S S_{T}=S S_{\text {Treat }}+S S_{E},\] where $S S_{T}=\sum_{i=1}^{k} \sum_{j=1}^{n_{i}}\left(y_{i j}-\bar{y} . ight)^{2}, S S_{\text {Treat }}=\sum_{i=1}^{k}...
-
Included in Outkast Companys December 31, 2012, trial balance are the following accounts: Prepaid Rent $5,200; Debt Investments $56,000; Unearned Fees $17,000; Land (held for investment) $39,000;...
-
On April 1, 2020, Gusto Corp. purchases a call option for $500, giving Gusto the right to purchase 1,000 shares of Delta Inc. for $30 each until December 1, 2020. Delta Stock Inc. are currently...
-
According to the evaluation results of authoritative organizations, table football may account for more than 20% of the entire sports game market, and the company spends an evaluation fee of 200,000...
-
What are the primary differences between tort law and contract law?
-
Identify each of the following: a. motion to compel b. motion for a protective order c. motion for summary judgment d. motion in limine
-
What is a disclosure statement, and how does it relate to the concept of mandatory disclosure?
-
How do each of the following relate to tort law? a. case law b. statutes c. Restatement-Torts
-
What role do public policy arguments and morality play in tort law?
-
Demand has been steadily increasing every day for a number of weeks. Three forecasting methods are being used to forecast daily demand: a naive forecast, a moving average forecast (n=4 days), and a...
-
Why is it necessary to study the diffusion of molecules in biological systems?
-
Calculate: (a) \(f=a /(b c)\), where \(a=2.34\mathrm{~mm}^{2}, b=54.26\mathrm{~m}\), and \(c=0.14\mu \mathrm{m}\); (b) \(g=k t^{3}\), where \(k=1.208\times 10^{-2}\mathrm{~s}^{-3}\) and...
-
Which of these is a hierarchical approach of subordination of individuals that work together and contribute to serve a common goal? Formal organization Informal structures Functional structure ...
-
A sound organization Prevents corruption Enhances creativity None of the above All of the above
Study smarter with the SolutionInn App