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Complete the flexible budget performance report

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Reference no: EM132757738

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.

The pizzeria's cost formulas appear below:

Fixed Cost per Month Cost per Pizza Cost per Delivery

Pizza ingredients $4.30

Kitchen staff $5,890

Utilities $600 $0.20

Delivery person $3.00

Delivery vehicle $620 $1.40

Equipment depreciation $392

Rent $1,850

Miscellaneous $720 $0.10

In November, the pizzeria budgeted for 1,530 pizzas at an average selling price of $14 per pizza and for 210 deliveries.

Data concerning the pizzeria's actual results in November appear below:

Actual Results Pizzas 1,630 Deliveries 190 Revenue $23,360 Pizza ingredients $7,030 Kitchen staff $5,830 Utilities $880 Delivery person $570 Delivery vehicle $984 Equipment depreciation $392 Rent $1,850 Miscellaneous $784

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

Reference no: EM132757738

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