Question

19WF-ACCTG-202-99 Managix Chapter 9 HW - E9-13, P9-20 X C Search Textbook Solutions CX + – c e zto.mheducation.com/hm.tpx Question 2 (of 2) 2. value 10.00 points 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: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Fixed Cost Cost per Cost per per Month Pizza Delivery $ 4.60 $ 5,950 $ 630 $0.50 $ 3.30 $ 650 $ 1.70 $ 416 $ 1,910 $ 750 $ 0.25 In November, the pizzeria budgeted for 1.620 pizzas at an average selling price of $17 per pizza and for 240 deliveries Data concerning the pizzeria's operations in November appear below: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 1,720 220 $29,810 $ 7,570 $ 5,890 $ 895 $ 726 $ 990 $ 416 $ 1,910 $ 802 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.) MacBook Pro

Need this performance report filled out please and thank you!

Answer 1

Solution:

Milano Pizza
Flexible Budget Performance Report
For the month ended November 30
Particulars	Actual results	Revenue and spending variances		Flexible Budget	Activity Variances		Planning Budget
Nos of Pizza	1720			1720			1620
Nos of deliveries	220			220			240
Revenue	$29,810.00	$570.00	F	$29,240.00	$1,700.00	F	$27,540.00
Expenses:
Pizza Ingredients	$7,570.00	$342.00	F	$7,912.00	$460.00	U	$7,452.00
Kitchen Staff	$5,890.00	$60.00	F	$5,950.00	$0.00	None	$5,950.00
Utilities	$895.00	$595.00	F	$1,490.00	$50.00	U	$1,440.00
Delivery Person	$726.00	$0.00	None	$726.00	$66.00	F	$792.00
Delivery Vehicle	$990.00	$34.00	F	$1,024.00	$34.00	F	$1,058.00
Equipment Depreciation	$416.00	$0.00	None	$416.00	$0.00	None	$416.00
Rent	$1,910.00	$0.00	None	$1,910.00	$0.00	None	$1,910.00
Miscellenous	$802.00	$378.00	F	$1,180.00	$25.00	U	$1,155.00
Total Expenses	$19,199.00	$1,409.00	F	$20,608.00	$435.00	U	$20,173.00
Net Income	$10,611.00	$1,979.00	F	$8,632.00	$1,265.00	F	$7,367.00

Excel 8 - Microsoft Excel X 90 = File Home Insert Page Layout Formulas Data Review View - 2 x Calculate Now Insert Function Math & Trig More Functions A a Define Name f Use in Formula Name Manager Create from Selection Defined Names AutoSum Recently Financial Logical Text Date & Lookup & Used - Time Reference Function Library K10 Trace Precedents 5 Show Formulas Trace Dependents Error Checking Remove Arrows" Evaluate Formula Formula Auditing Watch Window Calculation Calculate Sheet Options Calculation Milano Pizza Flexible Budget Performance Report For the month ended November 30 Particulars Actual results Revenue and spending variances Flexible Budget Activity Variances Planning Budget 1620 Nos of Pizza Nos of deliveries 1720 220 1720 220 240 29810 =ABS(D10-G10) =IF(D10>G10,"F",IF(G10>D10, "U","None")) =G7*17 =ABS(G10-J10) 1=IF(G10>J10,"F",IF(J10>G10,"U", "None")) =17*17 Revenue Expenses: Pizza Ingredients Kitchen Staff Utilities Delivery Person Delivery Vehicle Equipment Depreciation Rent Miscellenous Total Expenses 726 7570 =ABS(D12-G12) FIF(D12>G12,"U",IF(G12>D12,"F","None")) 5890 =ABS(D13-G13) =IF(D13>G13,"U",IF(G13>D13,"F","None")) 895 =ABS(D14-G14) |=IF(D14>G14, "U",IF(G14>D14,"F","None")) =ABS(D15-G15) =IF(D15>G15,"U",IF(G15>D15,"F","None")) 990 =ABS(D16-G16) =IF(D16>G16, "U",IF(G16>D16,"F","None")) 416 =ABS(D17-G17) =IF(D17>G17, "U",IF(G17>D17,"F","None")) 1910 =ABS(D18-G18) |=IF(D18>G18,"0",IF(G18>D18,"F","None")) 802 =ABS(D19-G19) =IF(D19>G19,"U",IF(G19>D19,"F","None")) =SUM(D12:019) |=ABS(D20-G20) |=IF(D20>G20,"U",IF(G20>D20,"F","None")) =G7*4.6 =ABS(G12-J12) =IF(G12>J12, "U",IF(J12>G12,"F","None")) 5950 =ABS(G13-J13) =IF(G13>J13,"U",IF(J13>G13,"F","None")) =630+(67*0.5) =ABS(G14-J14) =IF(G14>J14, "U",IF(J14>G14, "F","None")) =G8*3.3 =ABS(G15-J15) =IF(G15>J15,"U", IF(J15>G15,"F","None")) =650+(G8*1.7) =ABS(G16-J16) =IF(G16>J16,"U",IF(J16>G16,"F","None")) 416 =ABS(G17-J17) I=IF(G17>J17, "U", IF(J17>G17,"F","None")) 1910 =ABS(G18-J18) =IF(G18>J18,"0",IF(J18>G18,"F","None")) =750+(G7*0.25) =ABS(G19-J19) =IF(G19>]19,"U",IF(219>G19,"F","None")) =SUM(G12:19) =ABS(G20-J20) =IF(G20>120,"U",IF(J20>G20,"F","None")) =J7*4.6 5950 =630+(37*0.5) =J8*3.3 =650+(18*1.7) 416 1910 =750+(37*0.25) =SUM(112:19) =D10-D20 =ABS(D22-G22) =IF(D22>G22,"F",IF(G22>D22,"U","None")) =G10-G20 =ABS(G22-J22) |=IF(G22>122,"F",IF(J22>G22,"U","None")) =J10-J20 Net Income 23 24 ™ Sheet1080 Ready Circular References K Sheet49 (2) Sheet688 Sheet181 (4) Sheet15 (4)_Sheet153 (30) Sheet164 (10) Sheet406 (40 L e po Answers Answers Need This Perfor... Need This Perfor. Excel 10 7 Excel 6:04 AM 11/7/2019