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Complete the flexible budget performance report

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Reference no: EM132515516

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                    Cost per Pizza                  Cost per Delivery

Pizza ingredients                                                         $4.10

Kitchen staff                        $6,070

Utilities                                 $690                             $0.10

Delivery person                                                                                                        $2.90

Delivery vehicle                          $710                                                                        $2.30

Equipment depreciation                $464

Rent                                            $2,030

Miscellaneous                                 $810                            $0.05

  • In November, the pizzeria budgeted for 1,800 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

Pizzas 1,900

Deliveries 200

Revenue $29,130

Pizza ingredients $8,650

Kitchen staff $6,010

Utilities $925

Delivery person $580

Delivery vehicle $1,002

Equipment depreciation $464

Rent $2,030

Miscellaneous $838

Question 1: Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November.

Reference no: EM132515516

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