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 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Pizzas Deliveries Revenue $5,930 $620 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $640 $408 $1,890 $740 Actual Results 1,690 210 In November, the pizzeria budgeted for 1,590 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November were as follows. $27,600 17.390 $5,870 $890 5672 5900 $408 Cost per Pizza $4.50 $0.40 $ 1,090 $796 $0.20 Cost per Delivery $3.20 $1.60 Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November Note: Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (i.e. zer yerin

Q: Transactions for the Oleg Thorn Company for the month of June are presented as follows. June 1 2 3…

A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the Process…

Q: following independent situations, determine Winston's filing status for 2022. Winston is not marrie…

A: Taxation - Taxation is the practice of governments imposing forced taxes on people or organizations.…

Q: The Stationery Company purchased merchandise on account from a supplier for $14,500, terms 2/10,…

A: Merchandise refers to the stock which is purchased for the purpose of re-sell only. Sometimes…

Q: Hw.226. Give a detailed account what accounting theory stands for within the general framework and…

A: Accounting theory encapsulates assumptions,  methodology & framework used in the application of…

Q: On December 16, 2018, Mr. Anjo Marquez applied for a Php 750,000 loan. After deducing the interest…

A: Introduction: Interest rate is the cost of borrowing the fund for a specified period, Interest rate…

Q: MANUAL SOLUTIONS NOT EXCEL DOWNVOTE IF EXCEL Determine the difference between the capitalized cost…

A: Capitalized cost refers to the present value of cash outflow related to the asset. we discount the…

Q: Prepare an Income Statement Budget and a Cash budget for February 2023.

A: Budget is an estimation which helps an organization in planning its production and revenue.

Q: Vakos Manufacturers uses the traditional approach in allocating manufacturing overheads bo hours.…

A: Lets understand the basics. For calculating applied manufacturing overhead, we need to use below…

Q: Optimum Finance Incorporated provides budget, savings, and investment services to clients who want a…

A: Indirect costs are costs that are not directly accountable to a cost object Like direct costs,…

Q: Question: In calculating depreciation, the number of years of useful life of the asset is: 1. an…

A: Depreciation Expense - Depreciation is calculated on the fixed assets of the company. It is charged…

Q: 4.  The letter an auditor prepares and ensures he signs with the management to set out the terms…

A: Professional Letter is a form of letter which is written by one company to another company, one…

Q: of these reasons are important to discuss the types of service with management before performing the…

A: All of these reasons are important to discuss the types of service with management before performing…

Q: Directions: Given the account balances below, calculate the indicated amounts for the current year's…

A: Lets understand certain terms. Operating income is a income from the operating of the business. It…

Q: For the Year Ended December 31, 20Y8 ine Item Description Cash flows from (used for) operating…

A: A cash flow statement is a statement that shows money or how money flows in or out. This is very…

Q: The unadjusted trial balance as of December 31, 2024, for the Bags Consulting Company appears below.…

A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the…

Q: An above-the-line deduction reduces both adjusted gross income and taxable income.

A: The taxable income and the adjusted gross income is the income earned by the individual or company…

Q: Name of Department: Budget 2021 Budget Allocated to Department: Assumptions Wages Travel Meals Meals…

A: Budget is defined as a estimate of the upcoming revenues and expenses of a business entity. A budget…

Q: Which of the following best identifies the purpose of the government-wide financial statements?…

A: Financial Statement comprises of Income Statement, Balance Sheet, cash flow statement and Notes to…

Q: A Statement of Profit or Loss for the year ended 30 June 2022. b. A Statement of Financial Position…

A: SOLUTION                 TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 30-JUNE 2022…

Q: and common stock of the company at June 30, 2022, and the revenues and expenses for the month of…

A: Income Statement shows profit or loss of a company during the year. This statement is prepared to…

Q: According to the tables you provided: 1. What is the Net income at the end of the year? 2. What is…

A: In case of multiple subparts, we are allowed to solve only the first 3 subparts. If you want other…

Q: Below are the Statements of Comprehensive Income of Riego and Mercadejas Companies for 2020. Riego…

A: Inventory - The total amount of raw materials, work-in-progress, and finished commodities that a…

Q: Required: 1. Enter the dollar amount of each cost item under the appropriate headings. Note that…

A: Direct Product Cost :— It is the cost that are directly incurred in the manufacturing of particular…

Q: Dividends Per Share ughtfoot the, a software development form, has stock outstanding as follows:…

A: Preference Dividend : The dividend paid on the preference shares that are owned by the preference…

Q: Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases…

A: INTRODUCTION: The revenues or money that the business will receive from its clients who have…

Q: Explain the differences between tax avoidance and tax evasion, and discuss the rewards of tax…

A: Tax avoidance and tax evasion are two distinct concepts. Tax avoidance refers to legally reducing…

Q: urphy's, Incorporated, has 31,900 shares of stock outstanding with a par value of $1 per share. The…

A: Market price per share represents the value of share for which the shares are sold in the market.…

Q: Current assets as of December 31: Cash............... Accounts receivable.. Inventory..............…

A: Merchandise Purchase Budget :— This Budget is prepared to estimate the budgeted cost of purchases…

Q: Balance Sheet - (000's) Assets Cash Accounts Receivable Inventory Total Current Assets Property…

A: Financial Statements: The statement that shows all the assets, liabilities, revenue, expenses, and…

Q: valuate the financial status of my icecream business  chills and fruit by analyzing the general…

A: Journal Entry - Journal entry is the recording of business transaction in books of account, this is…

Q: Sparrow Corporation would like you to review its employee fringe benefits program with regard to the…

A: Fringe Benefit Fringe benefits are extras that businesses provide their workers on top of their…

Q: es Use the following information for the Exercises below. (Algo) [The following information applies…

A: Statement of Cash flow - Statement of Cash flow includes inflow and outflow of cash during the…

Q: The Hawk Corporation builds yachts. The vessels it currently produces are practically identical and…

A: Income tax is levied on the income which is generated between a calendar year (1 December to 31…

Q: M3-3 Identifying Accrual Basis Revenues brod lure The following transactions are July activities of…

A: Accrual basis The accrual basis takes into account when revenue is earned rather than when cash is…

Q: 7. If Php 24,000 is the present value of Php 27,500 due at the end of 16 months, find: a. the…

A: Discount rate is the rate of interest, which is used to calculate the present value of the future…

Q: Which of the following is correct as it relates to the cost of merchandise inventory? Multiple…

A: Merchandise Inventory is one of the important current asset of business. It can be in form of raw…

Q: Which of the following is NOT a requirement for an investment to be classified as “held for sale”?…

A: Investment is one of the asset being used in business. Held for sale, trading are some…

Q: Question 1 of 10 (b) Your answer is incorrect Quantify the amount by which Sheridan's working…

A: Working capital is the amount of capital necessary for the operations in the business. For this,…

Q: 1. Information for HUNTER X HUNTER direct material cost for July 2012 is as follows; Actual quantity…

A: Since you have asked two different questions, but as per our guidelines we are allowed to answer one…

Q: Have you ever felt restricted in your work because of a lack of empowerment? Can you cite any…

A: Yes, I have felt restricted in my work because of a lack of empowerment. For example, at my previous…

Q: The Overman Company manufactures products in two departments: Mixing and Packaging. The company…

A: Estimated overhead rate is calculated beforehand to apply to rate on the actual labor hours in…

Q: Loans to executives were prohibited by Act of 2002 the Sarbanes-Oxley because:

A: Answer:- Loans to executives were prohibited by the Sarbanes-Oxley Act of 2002 because they can…

Q: EXERCISE 1-6  use the two attachments provided to Compare the long-term risk and capital structure…

A: Formula : Total Debt Ratio = Total Debt/Total Assets   2006 2007 2008         Accounts…

Q: Comparison between formal and informal business for bank account, bank charges,cost of sales and…

A: Formal and Informal Business A formal business is one that has a legal identity and is registered…

Q: Assume that a payroll register contains the following columnar totals for the pay period ending…

A: Payroll The procedure where a company reimburses to the employees based on their working hours,…

Q: Simon rents his cottage when he and his family are not using it. It qualifies as a vacation home…

A: The maximum expenses allowed to be deducted during the year are amount of rental income and any…

Q: Journalize Transactions Galle Inc. entered into the following transactions during January. January…

A: Answer:-  Journal entry meaning:- Direct entries into the main diary are generally referred to as…

Q: Burlington Exterminators Inc. has sales of $734,000, costs of $315,000, depreciation expense of…

A: Net income is calculated as: Sales  less: Costs  = Contribution Less: Depreciation  Earnings before…

Q: ished Goods Inventory 7/1/21 nished Goods Inventory 6/30/22 Work in Process Inventory 7/1/21 Work in…

A: Lets understand the basics. Entity prapares cost of goods manufactued schedule in order to calculate…

Q: Denton Company manufactures and sells a single product. Cost data for the product are given:…

A: The fixed costs are the cost that normally does not change if the level of activity changes but…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.