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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.

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. Data concerning the pizzerias costs appear below: Fixed Cost per Month Cost per Pizza Cost per Delivery Pizza ingredients $ 5.00 Kitchen staff $ 6,250 Utilities $ 780 $ 1.00 Delivery person $ 2.80 Delivery vehicle $ 800 $ 2.00 Equipment depreciation $ 536 Rent $ 2,210 Miscellaneous $ 900 $ 0.10 In November, the pizzeria budgeted for 2,070 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzerias operations in November appear below: Actual Results Pizzas 2,170 Deliveries 210 Revenue $ 35,440 Pizza ingredients $ 10,270 Kitchen staff $ 6,190 Utilities $ 970 Delivery person $ 588 Delivery vehicle $ 1,020 Equipment depreciation $ 536 Rent $ 2,210 Miscellaneous $ 892 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.)

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