9-19 (Algo) More Than One Cost Driver [LO9-2, L09-3] 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 Cost per Cost per Pizza $4.20 Delivery Kitchen staff $ 6,090 $ 700 $ 0.20 $ 720 $ 3.00 $ 1.20 ences $ 472 $2,050 $ 820 $ 0.10 Utilities Delivery person Delivery vehicle Equipment depreciation. Rent Miscellaneous In November, the pizzeria budgeted for 1,830 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November appear below: Pizzas Deliveries: Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation: Rent Miscellaneous Required: Actual Results 1,930 210 $ 31,520 $8,830) $ 6,030 $938 $ 630 $ 1,004 $472 $2,050 $ 844 1. Compute the revenue and spending 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.) Milano Pizza Revenue and Spending Variances For the Month Ended November 301 Actual Resulta Revenue and Spending Flexible Variances Budget Pizzas Delivenes 1.930 210 Revenue $ 31,520 Required: 1. Compute the revenue and spending variances for the pizzeria for November. (Indicate the effect of each variance by selecting" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero varlance). Input all amounts as positive values.) Pizzas Deliveries Revenue Expenses: Pizza ingredients Kitchen staff Milano Pizza Revenue and Spending Variances For the Month Ended November 30 Actual Results Revenue and Spending Varlances Flexible Budget 1,930 210 $ 31,520 8,830 6,030 Utilities 930 Delivery person 630 Delivery vehicle 1,004 Equipment depreciation 472 Rent 2,050 Miscellaneous 8441 Total expense 20,790 Net operating income $ 10,730