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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 determine that the shop has two major cost drivers-the number of pizzas sold and the number of deliveries made Data concerning the pizzeria's costs appear below Fixed Cost per Month Cost per Pizza Cost per Delivery $ 6,050 $ 680 $ 4.00 $ 1.00 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 2.80 $ 2.20 $ 700 $ 456 $ 2.010 $ 800 $ 20 In November, the pizzeria budgeted for 1.770 pizzas at an average selling price of $14 per pizza and for 210 deliveries Data concerning the pizzeria's operations in November appear below Actual Results Puzas 1,870 Deliveries 190 Revenue $26.800 Pizza ingredients $ 8.470 Kitchen staff $ 5,990 Utilities $ 920 Delivery person $ 532 Delivery vehicle $ 1.000 Equipment depreciation $ 456 Rent $ 2,010 Miscellaneous 5 832 Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the puzzeria for November (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Flexible Variances Budget Actual Results 5 25,800 Activity Variances Planning Budget Revenue Expenses Pizza ingredients Kitchen start Us 8.470 5990 920 532 1.000 Edepreciation Red 2010 20 210 6.500

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