Please do not give salutations in image format thankuh Required:1. Compute the revenue and spending variances for the pizzeria for November. (Indicate the effect of each variance by selecting "Pfor favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)PizzasDeliveriesRevenueExpenses:Pizza ingredientsKitchen staffUtilitiesDelivery personDelivery vehicleEquipment depreciationRentMiscellaneousTotal expenseNet operating incomeMilano PizzaRevenue and Spending VariancesFor the Month Ended November 30ActualResults$1,96022033,9709,0106,0509356821,0064802,07085021,083$ 12,887Revenue and SpendingVariancesFlexibleBudgetwwwBank Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free homedelivery services. The pizzeria's owner has determined that the shop has two major cost drivers-the number of pizzas sold and thenumber of deliveries made.The pizzeria's cost formulas appear below:Pizza ingredientsKitchen staffUtilitiesDelivery personDelivery vehicleEquipment depreciationRentFixedCost perMonthPizzasDeliveriesRevenuePizza ingredientsKitchen staffUtilitiesDelivery personDelivery vehicleEquipment depreciationRentMiscellaneous$ 6,110$710Cost perPizza$ 4.30$0.30ActualResults1,960220$ 33,970$9,010$ 6,050$ 935$ 6821,006$$ 480$ 2,070$ 850Cost perDelivery$ 730$ 480$ 2,070Miscellaneous$ 830$ 0.15In November, the pizzeria budgeted for 1,860 pizzas at an average selling price of $17 per pizza and for 240 deliveries.Data concerning the pizzeria's actual results in November appear below:$ 3.10$ 1.30Required:1. Compute the revenue and spending variances for the pizzeria for November. (Indicate the effect of each variance by selecting "Ffor favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

budget variance analysis can help organizations improve their financial planning and management, and…

Required: 1. Compute the revenue and spending variances for the pizzeria for November. (Indicate the effect of each variance by selecting 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 Milano Pizza Revenue and Spending Variances For the Month Ended November 30 Actual Results $ 1,960 220 33,970 9,010 6,050 935 682 1,006 480 2,070 850 21,083 $ 12,887 Revenue and Spending Variances Flexible Budget

Required: 1. Compute the revenue and spending variances for the pizzeria for November. (Indicate the effect of each variance by selecting 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 Milano Pizza Revenue and Spending Variances For the Month Ended November 30 Actual Results $ 1,960 220 33,970 9,010 6,050 935 682 1,006 480 2,070 850 21,083 $ 12,887 Revenue and Spending Variances Flexible Budget

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4E

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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 Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent $ 5,910 $ 610 Miscellaneous $ 630 $ 400 $ 1,870 $ 730 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 appear below: Actual Results. 1,660 200 $ 25,450 $ 7,210 $ 5,850 $ 885 $ 620 $ 986 $ 400 Cost per Pizza $ 4.40 $ 1,870 $ 790 $ 0.30 Cost per Delivery $ 0.15 $ 3.10 $…
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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 4 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle. Equipment depreciation Rent Miscellaneous Pizzas Deliveries Revenue Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent $ 6,250 $ 780 $ 0.10 In November, the pizzeria budgeted for 2,070 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: Miscellaneous Total expense…
Consider the costs that are incurred by a local pizza business. Identify each cost as either expensed or depreciated and describe why that classification applies. • Cost for pizza dough and toppings • Cost to pay wages for janitor • Cost of new baking oven • Cost of new delivery van• Cost of furnishings in dining room • Utility costs for soda refrigerator
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Annie B's Homemade Ice Cream is an ice cream shop in Asheville, NC. Its owners would like your assistance in classifying some of its costs as direct or indirect depending on the specified cost object. Required: 1. Which of the following costs could be directly traced to specific flavors of ice cream? 2. Which of the following costs could be directly traced to specific mobile sales events, such as selling pre-packaged servings of ice cream at the Cold Mountain Music Festival? 3. Which of the following costs could be directly traced to "mobile sales" as opposed to "in-store sales? Complete this question by entering your answers in the tabs below. Requirement 1 Requirement 2 Requirement 3 Which of the following costs could be directly traced to specific flavors of ice cream? 1. Walk-in freezer depreciation 2 Wages paid to employees scooping ice cream in the store 3. Cost of ingredients used to make ice cream 4. Cost of electricity used to run the batch freezer that makes ice cream 5.…
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