managerial accounting

Milano Pizza is a small neighborhood pizzeria that has a small area for instore dining as well as offering takeout and free home delivery services. The pizzeria's owner has determined that the shop has two major cost driversthe number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Fixed Cost Cost per Cost per per Month Pizza Delivery Pizza ingredients $ 4.10 Kitchen staff $6,070 Utilities $ 690 $ 0.10 Delivery person $2.90 Delivery vehicle $ 710 $2.30 Equipment depreciation $ 464 Rent $2.030 Miscellaneous 35 810 $ 0.05 In November, the pizzeria budgeted for 1,800 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results Pizzas 1,900 Deliveries 200 Revenue $ 29,130 Pizza ingredients $ 8,650 Kitchen staff $ 6,010 Utilities $ 925 Delivery person 35 580 Delivery vehicle 85 1,002 Equipment depreciation $ 464 Rent 85 2,030 Miscellaneous 35 838 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.) Deliveries Revenue Pizza ingredients $ 29,130 Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 838 20,499 $ 8,631