iquidity managemetn-x OMcGrow Hil ConnectxChapter 9 HW -P9-20xC Chegg Study | Gu

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Question

iquidity managemetn-x OMcGrow Hil ConnectxChapter 9 HW -P9-20xC Chegg Study | Guided Sox C ezto.mheducation.com/hm.tpx?-0.44236931775587973 1531970361560 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 Cost per Cost per per Month Pizza Delivery $ 4.10 Pizza ingredients Kitchen staft Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous s 6,290 S 800 S 0.20 s 3,00 $ 2.20 s 820 S 552 S 2,250 $ 920 $0.10 In November, the pizzeria budgeted for 2,130 pizzas at an average selling price of $18 per pizza and for 250 deliveries Data concerning the pizzeria's operations in November appear below Actual Results 2.230 230 $40,880 $10,630 S 6,230 s 980 S 690 $ 1,024 S 552 s 2,250 S 904 Pizzas Deliveries Revenue Pizza ingredients Kitchen staf Utidies Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous O Type here to search

Explanation / Answer

Milano Pizza

Flexible Budget Performance Report

For the month ended November 30

Actual results

Revenue and spending variance

Flexible budget

Activity Variance

Planning budget

Pizza

2230

2130

Deliveries

230

250

Revenue

40880

740

40140

1800

38340

Expenses;

Pizza ingredients

10630

1487

9143

410

8733

Kitchen staff

6230

6290

Utilities

980

266

1246

1226

Delivery person

690

750

Delivery vehicle

1024

302

1326

1370

Equipment depreciation

552

Rent

2250

Miscellaneous

904

239

1143

1133

Total expenses

23260

620

22640

336

22304

Net operating income

17620

120

17500

1464

16036