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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 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. Pizza ingredients Fixed Cost per Honth. Cost per Pizza $4.70 Cost per Delivery Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 5,970 $640 $ 0.60 $ 3.40 $ 1.80 $ 0.06 $660 $424 $1,930 $760 In November, the pizzeria budgeted for 1,650 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,750 Pizzan Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent 230 $ 32,080 $ 7,750 $ 5,910 $ 900 $ 782 $992 $424 $1,930 Prou 4 of 4 Next Pizzan Deliveries Revenue Pizza ingredients Kitchen staff Utilities. 1,750 230 $ 32,080 $ 7,750 $ 5,910 $ 900 Delivery person $ 782 Delivery vehicle $ 992 Equipment depreciation $ 424 Rent $ 1,930 $ 808 Miscellaneous 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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