Complete the flexible budget performance report

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Reference no: EM132427736

Question - 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

 

$4.30

 

Kitchen staff

$6,110

 

 

Utilities

$710

$.30

 

Delivery person

 

 

$3.10

Delivery vehicle

$730

 

$1.30

Equipment depreciation

$480

 

 

Rent

$2,070

 

 

Miscellaneous

$830

$15

 

In 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 operations in November appear below:

 

Actual Results

Pizzas

1,960

Deliveries

220

Revenue

$33,970

Pizza ingredients

$9,010

Kitchen staff

$6,050

Utilities

$935

Delivery person

$682

Delivery vehicle

$1,006

Equipment depreciation

$480

Rent

$2,070

Miscellaneous

$850

Required: Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November.

Reference no: EM132427736

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