Fixed Cost Cost per Cost per per Month Pizza ingredients Pizza $ 4.40 Delivery Kitchen staff $ 6,130 Utilities Delivery person Delivery vehicle $ 720 $ 0.40 $ 740 $ 3.20 $ 1.40 Equipment depreciation Rent $ 488 $ 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: Actual Results 1,998 D Pizzas Deliveries Revenue Pizza ingredients Kitchen staff 230 $ 36,480 $ 9,190 $ 6,078 $ 940 $ 736 Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 1,008 $ 488 $ 2,090 $ 856 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 (l.e., zero variance). Input all amounts as positive values.) Utilities Delivery person Pizzas Deliveries Revenue Answer is not complete. Milano Pizza Flexible Budget Performance Report Flexible Budget Revenue and Spending Variances Planning Budget For the Month Ended November 30 Actual Activity Variances Results 1,990 230 S 38,480 $ 1,800 F × C $ 35,820 S S 660 F C $ 34,020 Expenses: Pizza ingredients 9,190 440 U 8,756 Kitchen staff 6,070 0 None * 6,130 Utilities 940 40 U * 1,516 738 64 U * 736 Delivery person Delivery vehicle 1,008 28 F 1,062 Equipment depreciation 488 0 None 488 2,000 None 2,000 Rent Miscellaneous 856 20 U 1,238 10000000 434 U 8,316 60 F × 8,130 576 F 1,478 0 None ✪ 800 54 F 1,090 None 488 None 2,090 382 F 1,218 21,378 22.016 638 * 21,608 Total expense Net operating income S 15.102 $ 13,804 $ 12,412
Fixed Cost Cost per Cost per per Month Pizza ingredients Pizza $ 4.40 Delivery Kitchen staff $ 6,130 Utilities Delivery person Delivery vehicle $ 720 $ 0.40 $ 740 $ 3.20 $ 1.40 Equipment depreciation Rent $ 488 $ 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: Actual Results 1,998 D Pizzas Deliveries Revenue Pizza ingredients Kitchen staff 230 $ 36,480 $ 9,190 $ 6,078 $ 940 $ 736 Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 1,008 $ 488 $ 2,090 $ 856 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 (l.e., zero variance). Input all amounts as positive values.) Utilities Delivery person Pizzas Deliveries Revenue Answer is not complete. Milano Pizza Flexible Budget Performance Report Flexible Budget Revenue and Spending Variances Planning Budget For the Month Ended November 30 Actual Activity Variances Results 1,990 230 S 38,480 $ 1,800 F × C $ 35,820 S S 660 F C $ 34,020 Expenses: Pizza ingredients 9,190 440 U 8,756 Kitchen staff 6,070 0 None * 6,130 Utilities 940 40 U * 1,516 738 64 U * 736 Delivery person Delivery vehicle 1,008 28 F 1,062 Equipment depreciation 488 0 None 488 2,000 None 2,000 Rent Miscellaneous 856 20 U 1,238 10000000 434 U 8,316 60 F × 8,130 576 F 1,478 0 None ✪ 800 54 F 1,090 None 488 None 2,090 382 F 1,218 21,378 22.016 638 * 21,608 Total expense Net operating income S 15.102 $ 13,804 $ 12,412
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
not use ai please
Transcribed Image Text:Fixed Cost
Cost per
Cost per
per Month
Pizza ingredients
Pizza
$ 4.40
Delivery
Kitchen staff
$ 6,130
Utilities
Delivery person
Delivery vehicle
$ 720
$ 0.40
$ 740
$ 3.20
$ 1.40
Equipment depreciation
Rent
$ 488
$ 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:
Actual
Results
1,998
D
Pizzas
Deliveries
Revenue
Pizza ingredients
Kitchen staff
230
$ 36,480
$ 9,190
$ 6,078
$ 940
$ 736
Delivery vehicle
Equipment depreciation
Rent
Miscellaneous
Required:
$ 1,008
$ 488
$ 2,090
$ 856
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 (l.e., zero variance). Input all amounts as positive values.)
Utilities
Delivery person
Pizzas
Deliveries
Revenue
Answer is not complete.
Milano Pizza
Flexible Budget Performance Report
Flexible
Budget
Revenue and Spending
Variances
Planning
Budget
For the Month Ended November 30
Actual
Activity Variances
Results
1,990
230
S
38,480
$
1,800 F
×
C
$ 35,820
S
S
660
F
C
$ 34,020
Expenses:
Pizza ingredients
9,190
440 U
8,756
Kitchen staff
6,070
0 None
*
6,130
Utilities
940
40 U
*
1,516
738
64 U
*
736
Delivery person
Delivery vehicle
1,008
28
F
1,062
Equipment depreciation
488
0
None
488
2,000
None
2,000
Rent
Miscellaneous
856
20
U
1,238
10000000
434
U
8,316
60 F
×
8,130
576
F
1,478
0 None
✪
800
54 F
1,090
None
488
None
2,090
382 F
1,218
21,378
22.016
638
*
21,608
Total expense
Net operating income
S
15.102
$ 13,804
$ 12,412
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