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 pizzerias owner has determined that the shop has two major cost driversthe number of pizzas sold and the number of deliveries made.

The pizzerias cost formulas appear below:

Fixed Cost per Month

Cost per Pizza

Cost per Delivery

Pizza ingredients

$ 5.00

Kitchen staff

$ 6,030

Utilities

$ 670

$ 0.90

Delivery person

$ 2.70

Delivery vehicle

$ 690

$ 2.10

Equipment depreciation

$ 448

Rent

$ 1,990

Miscellaneous

$ 790

$ 0.15

In November, the pizzeria budgeted for 1,740 pizzas at an average selling price of $13 per pizza and for 200 deliveries.

Data concerning the pizzerias actual results in November were as follows:

Actual Results

Pizzas

1,840

Deliveries

180

Revenue

$ 24,530

Pizza ingredients

$ 8,290

Kitchen staff

$ 5,970

Utilities

$ 915

Delivery person

$ 486

Delivery vehicle

$ 998

Equipment depreciation

$ 448

Rent

$ 1,990

Miscellaneous

$ 826

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