User Account

All Pages

Explain the activity variances

Assignment Help Managerial Accounting
Reference no: EM13962626

Verona Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well offering takeout 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 concerning the pizzeria's costs appear below:

In October, the pizzeria budgeted for 1,500 pizzas at an average selling price of $13.00 per pizza and for 200 deliveries. Data concerning the pizzeria's operations in October appear below:
Actual Results
Pizzas. . . . . . . . . . . . . . . . . . . . .$1,600
Deliveries . . . . . . . . . . . . . . . . . .$180
Revenue . . . . . . . . . . . . . . . . . . .$21,340
Pizza ingredients . . . . . . . . . . . . .$6,850
Kitchen staff . . . . . . . . . . . . . . . . .$5,810
Utilities . . . . . . . . . . . . . . . . . . . . .$875
Delivery person . . . . . . . . . . . . . .$522

Delivery vehicle . . . . . . . . . . . . . .$982
Equipment depreciation. . . . . . . .$384
Rent . . . . . . . . . . . . . . . . . . . . . . . .$1,790
Miscellaneous. . . . . . . . . . . . . . . . $778

Required: 

1. Prepare a flexible budget performance report that shows both activity variances and revenue and spending variances for the pizzeria for October. 
2. Explain the activity variances. 

Reference no: EM13962626

Questions Cloud

Prepare rough order of magnitude and budgetary : Give examples of when you would prepare rough order of magnitude (ROM), budgetary, and definitive cost estimates for a project providing 100 new laptops for students to borrow on campus. Use the following techniques for creating a cost estimate for t..
Constraint and the feasible region : Use a graph to show each constraint and the feasible region. Identify the optimal solution point on your graph.What are the values of X and Y at the optimal solution?
Responsible for generating reliable financial reporting : An organization’s internal environment is responsible for generating reliable financial reporting and complying with laws and regulations. Internal business process improvement methods establish best practices and strengthen corporate governance and ..
Data collection methodology and anticipated results : Creating business intelligence PDF regarding creating a company wide dashboard of results. Seeking information pertaining to the Solution functionality, Data collection methodology, Anticipated results, Limitations of the BI solution, Lessons learned
Explain the activity variances : Prepare a flexible budget performance report that shows both activity variances and revenue and spending variances for the pizzeria for October.
Problem regarding the transportation system : A company which manufactures product in five plants ships locally using its own transportation system, but has orders which must be sent to locations too far to be serviced by the local fleet.
Making surveys cross-culturally appropriate : How do the steps in instrument development apply to making surveys cross-culturally appropriate? What effects might you expect in the data, and subsequently in the interpretation of those data, if surveys are not culturally appropriate?
Most recent best and worst managers : Who are Business Week’s most recent “best and worst managers,” and why were they selected? From your research, do any of them demonstrate Christian values in their actions? Explain.
Provide a detailed fact file about vitamin c : Provide a detailed fact file about vitamin C. Give the sources, importance in the human body, the effects it has on ther human body and the Vitamin C supplements

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd