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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

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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 (ie, zero variance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget 1.720 208101 Pudents Kitchen staff 7.5701 5290 7201 Delivery person Delivery vehicle en depreciation E 41011 19101 300 19.10 $ 106111 P Tot expen Netoperating income ilano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home alivery services. The pizzeria's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the umber of deliveries made. he pizzeria's cost formulas appear below Fixed Cost per Month Cost per Pizza $ 4.60 Cost per Delivery $5,950 $ 630 $ 0.50 $3.30 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $1.70 $ 650 $ 416 $1.910 $ 750 $ 0.25 In November, the pizzeria budgeted for 1620 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 1,720 220 Pizzas Deliveries $ $ 29,810 7,570 5.890 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 726 1.910 802

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