Milano pizza is a small neighborhood pizzeria

Assignment Help Financial Accounting

Reference no: EM13949186

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. Data concerning the pizzeria's costs appear below:

	Fixed Cost per Month		Cost per Pizza		Cost per Delivery
Pizza ingredients			$	4.50
Kitchen staff	$	5,930
Utilities	$	620	$	0.40
Delivery person					$	3.20
Delivery vehicle	$	640			$	1.60
Equipment depreciation	$	408
Rent	$	1,890
Miscellaneous	$	740	$	0.20

In November, the pizzeria budgeted for 1,590 pizzas at an average selling price of $16 per pizza and for 230 deliveries.

Data concerning the pizzeria's operations in November appear below:

	Actual Results
Pizzas		1,690
Deliveries		210
Revenue	$	27,600
Pizza ingredients	$	7,390
Kitchen staff	$	5,870
Utilities	$	890
Delivery person	$	672
Delivery vehicle	$	988
Equipment depreciation	$	408
Rent	$	1,890
Miscellaneous	$	796

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.)

Reference no: EM13949186

Questions Cloud

Create a vs 2008 asp .net web site with a masterpage : The MasterPage will display a company name selected by you. Add server controls to the MasterPage that allow the user to navigate between the Web Forms in the Web site.

Establishes your argument, asserts your thesis : The purpose of the second draft is to build upon the first draft that you have already written and to move your drafting process forward so that you can add a body, conclusion, and abstract to the paper, making it a cohesive and whole academic pap..

State hypotheses and identify claim, find critical value : A real estate agent found that there is a significant relationship among the number of acres on a farm ( x 1), the number of rooms in the farmhouses ( x 2 ) , and the selling price in ten thousands ( y ) of farms in a specific area. The regression..

Identify the cases that will be investigated : Using the rule provided, identify the cases that will be investigated. Who is responsible? What corrective action would likely be taken?

Milano pizza is a small neighborhood pizzeria : 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.

Applications of rydberg constant in a detailed manner : Applications of Rydberg constant in a detailed manner

Prepare a query that lists each course name and its cost : Prepare a query that lists the cost per student for each class. Assume maximum capacity and that you will schedule two half-day classes on the same day to take full advantage of HOTT's per day pricing schedule.

Components that are used to create an ethernet network : You are trying to describe the Ethernet as the most common local area networking standard for your coworkers, friends, or family members. Discuss the following: Discuss the most common components that are used to create an Ethernet network

In an increasingly globalized society : In an increasingly globalized society, the workplace is being transformed into worldwide teams connected by virtual environments. Similarly, higher education has also become global in scope, as e-learning technologies permit students and teachers ..

User Account

All Pages