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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

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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 $ 4.20 Cost per Delivery $6,090 $ 700 $ 0.20 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.00 $1.20 $ 720 $ 472 $ 2,50 $ 820 $ 0.10 In November, the pizzeria budgeted for 1,830 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,930 210 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent $ 31,520 $ 8,830 $ 6,030 $ 93e $ 630 $ 1,004 $ 472 $ 2,050 Pizzas Deliveries Actual Results 1,930 210 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 31,520 $ 8,830 $ 6,30 $ 930 $ 630 $ 1,004 $ 472 $ 2,050 $ 844 Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances fc pizzeria for November. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None effect (i.e., zero variance). Input all amounts as positive values.)

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