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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 Cost per Delivery $6.220 $ 790 $ 0.10 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $2.90 $2.10 $ 10 $ 544 $2,230 $ 0.05 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. 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, points Actual Results 2.200 8 015228 Deliveries $ $ 38, 130 10.450 5,210 975 $ Revenue Pizza ingredients Kitchen Staff utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 5 1.022 564 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 (... zero variance). Input all amounts as positive values.)

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