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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 Pizza ingredients $ 4.60 Kitchen staff Utilities $ 5,950 $ 630 $ 0.50 Delivery person Delivery vehicle $ 650 Equipment depreciation Rent $ 416 $ 1,910 Miscellaneous $ 750 $ 0.25 Cost per Delivery $ 3.30 $ 1.70 In November, the pizzeria budgeted for 1,620 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: Pizzas Deliveries Revenue Actual Results 1,720 220 $ 29,810 Pizza ingredients $ 7,570 Kitchen staff $ 5,890 Utilities Delivery person $ 895 $ 726 $ 990 $ 416 Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 1,910 $ 802 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.)

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