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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: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle. Equipment depreciation Rent Miscellaneous Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities poti Delivery person poli Delivery vehicle Dett Equipment depreciation. Rent Miscellaneous Fixed Cost per Month $ 6,090 $ 700 Pizzas Deliveries $ 720 $ 472 $ 2,050 $ 820 In November, the pizzeria budgeted for 1,830 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,930 210 520 $ 31,520 930 $ 8,830 1020 $6,030 $930 S 930 $630 $ 1,004 $ 472 $ 2,050 $ 844 Cost per Pizza $ 4.20 $ 0.20 Actual Results $ 0.10 Cost per Delivery 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.) $ 3.00 $ 1.20 1,930 210 Milano Pizza Flexible Budget Performance Report 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: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle. Equipment depreciation Rent Miscellaneous Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities poti Delivery person poli Delivery vehicle Dett Equipment depreciation. Rent Miscellaneous Fixed Cost per Month $ 6,090 $ 700 Pizzas Deliveries $ 720 $ 472 $ 2,050 $ 820 In November, the pizzeria budgeted for 1,830 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,930 210 520 $ 31,520 930 $ 8,830 1020 $6,030 $930 S 930 $630 $ 1,004 $ 472 $ 2,050 $ 844 Cost per Pizza $ 4.20 $ 0.20 Actual Results $ 0.10 Cost per Delivery 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.) $ 3.00 $ 1.20 1,930 210 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 Kitchen staff Utilities Delivery person Delivery vehicle. Equipment depreciation Rent Miscellaneous Pizzas Deliveries Revenue Pizza ingredients. Excee Kitchen staff n+ili+ Utilities Delis Delivery person Delivery vehicle Equipment depreciation. Rent Miscellaneous $ 6,090 $ 700 Pizzas Deliveries Revenue Expenses: $ 720 $ 472 Pizza ingredients Kitchen staff $ 2,050 $ 820 In November, the pizzeria budgeted for 1,830 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,930 210 520 $ 31,520 930 $ 8,830 $ 6,030 $930 $ 630 $ 1,004 $ 472 $ 2,050 $ 844 $ Cost per Pizza $ 4.20 Actual Results 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.) $ 0.20 $ 0.10 1,930 210 31,520 Cost per Delivery 8,830 6.030 $ 3.00 $ 1.20 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget
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 Kitchen staff Utilities Delivery person Delivery vehicle. Equipment depreciation Rent Miscellaneous Pizzas Deliveries Revenue Pizza ingredients. Excee Kitchen staff n+ili+ Utilities Delis Delivery person Delivery vehicle Equipment depreciation. Rent Miscellaneous $ 6,090 $ 700 Pizzas Deliveries Revenue Expenses: $ 720 $ 472 Pizza ingredients Kitchen staff $ 2,050 $ 820 In November, the pizzeria budgeted for 1,830 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,930 210 520 $ 31,520 930 $ 8,830 $ 6,030 $930 $ 630 $ 1,004 $ 472 $ 2,050 $ 844 $ Cost per Pizza $ 4.20 Actual Results 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.) $ 0.20 $ 0.10 1,930 210 31,520 Cost per Delivery 8,830 6.030 $ 3.00 $ 1.20 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget
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