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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 pizzerla s owner has determined that the shop has two major cost dnvers-the num Data concerning the pizzeria's costs appear below Fixed Cost per Month Cost per Pizza $ 4.10 Cost per Kitchen staff S 6,070 5 690 $ 0.10 Delivery person Delivery vehicle Equipment depreciation $ 2.90 $ 2.30 5 710 S 464 S 2,030 5 810 $ 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 operations in November appear below Actual Results 1,900 200 $ 29,130 S 8,650 6,010 $ 925 S 580 S 1,002 $ 464 S 2,030 S 838 Pizzas Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Required 1. Complete the tiexible budget pertormance report that shows both revenue and spending variances and actvity variances for the pizzeria for November. (Indicate the effect of each variance by selecting "F" for favorable, "U" tor variance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and SpendingFlexible Actual Variances Activity VariancesPlanning Revenue S 29,130 Plzza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellan6ous 8,650 6,010 925 580 1,002 464 2,030 838

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