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2 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

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2 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: 12.5 points Fixed Cost per Month Cost per Pizza Cost per Delivery Pizza ingredients Kitchen staff Utilities $ 4.80 $ 5,990 $ 650 $ 0.70 eBook Delivery person $ 3.50 Delivery vehicle $ 670 $ 1.90 Equipment depreciation Rent $ 432 $ 1,950 Hint Miscellaneous $ 770 $ 0.10 Print In November, the pizzeria budgeted for 1,680 pizzas at an average selling price of $19 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November were as follows: References Pizzas Actual Results 1,780 Deliveries Revenue Kitchen staff 160 $ 34,410 Pizza ingredients $ 7,930 $ 5,930 Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 905 $ 560 $ 994 $ 432 $ 1,950 $ 814 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., zero variance). Input all amounts as positive values. Milano Pizza

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