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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.

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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 Cost per Pizza $ 4.00 cost per Delivery 56,270 $ 790 50.10 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $2.90 $2.10 $ 810 $ 544 52,230 $ 910 in November, the pizzeria budgeted for 2,100 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 2,200 220 Pittas Deliveries Revenue $ 38,130 Actual Results 2.200 Pizzas Deliveries $ 38,130 $ 10.450 $ 6.210 1:17 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation 975 $ 638 1,022 564 2.230 Rent Miscellaneous 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 os positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Flexible Varlances Budget Actual Results Activity Variances Planning Budget Check my Results Purzas Deliveries 2200 220 points 30 S Revenue Expenses 38.1301 Kachen staff 6210 975 638 1,022 Usitis Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 2230 22,967

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