Ashley ()\' perfect con x D Chapter 10 x D 212 2 Chapt × (3 Files × perfect con

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Ashley ()' perfect con x D Chapter 10 x D 212 2 Chapt × (3 Files × perfect con × New Tab × M Your quest × 201810-Sp x y D Chapter 9 1 × C ezto.mheducation.com/hm.tpx 2. value 10.00 points Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering ake-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. Data conceming the pizzeria's costs appear below: Fixed Cost Cost per Cost per per Month Pizza Delivery S3.80 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 5,220 $630 $ 0.05 $ 3.50 $ 1.50 $ 540 $ 275 $1,830 $ 820 $0.15 In November, the pizzeria budgeted for 1,200 pizzas at an average selling price of $13.50 per pizza and for 180 deliveries Data concerning the pizzeria's operations in November appear below: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 1,240 174 $17,420 4,985 $5,281 $ 984 $ 609 $ 655 $ 275 $1,830 $ 954 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

Explanation / Answer

Actual Revenue and spending variances Flexible budget Activity variances Planning budget Revenue 17420 680 F 16740 540 F 16200 Expenses: Pizza ingredients 4985 273 U 4712 152 U 4560 Kitchen staff 5281 61 U 5220 0 None 5220 Utilities 984 292 U 692 2 U 690 Delivery person 609 0 None 609 21 F 630 Delivery vehicle 655 146 F 801 9 F 810 Equipment depreciation 275 0 None 275 0 None 275 Rent 1830 0 None 1830 0 None 1830 Miscellaneous 954 52 F 1006 6 U 1000 Total expenses 15573 428 U 15145 130 U 15015 Net operating income 1847 252 F 1595 410 F 1185

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