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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 pe ingredients tchen $ 4.30 $6.110 $ 210 $ 0.30 vehidle quipment Idepreciation $ 730 .80 $ 481 Miscellaneous $2.070 830 $ 0.15 In November, the pizzeria budgeted for 1,860 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1960 220 33.970 Revenue Kitchen Plaza Ingredients staf 9.010 6,050 935 682 006 480 850 Very person Ipment depreciation Miscellaneous Very Vehicle 2.070 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 ho effect i.e., zero variance). Input all amounts as positive values.) Milano Pizza Fleible Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Variances 1960 220 Budget Activity Variances Actual Results 1.960 220 Planning Budget 1,860 240 Pizzas Deliveries Revenue 33,970 9.010 6050 935 682 Expenses Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Totallexpense Net operating income 1,006 480 2,070 850 21 083 $ 12,887 $

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