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:

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.)

Fixed Cost Cost per per Month Cost per PizzaDelivery Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 4.10 $6,070 $ 690 S 0.10 $2.90 $2.30 $ 710 S 464 $2,030 $ 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 appear below: Actual Results 1,900 200 Pizzas Deliveries 29,130 $ 8,6560 $ 6,010 $ 925 $580 $ 1,00/2 S464 $ 2,030 $ 838 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Results Flexible Budget Planning Budget Pizzas 1,900 Deliveries 200 Revenue S 29,130 Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 8,650 6,010 925 580 1,002 464 2,030 838 20,499 S 8,631 Total expense Net operating income