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 Cost per

McGraw-Hill Connect X Chapter 9 Homework X *Course Hero M Inbox (23) - geeyermo27@gma X C newconnect.mheducation.com/flow/connect.html Chapter 9 Homework i Saved Help Save & Exit Submit 2 Check my work 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 number of deliveries made. at the shop has two major cost drivers-the number of pizzas sold and the 8.33 points The pizzeria's cost formulas appear below: Fixed Cost Pizza ingredients per Month Cost per Pizza $ 4.50 Delivery eBook Kitchen staff 5,930 Delivery person 620 $ 0. 40 Delivery vehicle $3.20 Equipment depreciation $1 . 60 Print 406 Miscellaneous References In November, the pizzeria budgeted for 1,590 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results Pizzas Deliveries 1 , 690 210 Revenue Pizza ingredients 21, 600 kitchen staff 1, 390 890 Delivery person Equipmentven Rangement depreciation 988 Miscellaneous '796 Required: . 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.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Results Flexible Budget Planning Budget Pizzas 1,690 Deliveries 210 Revenue 27,600 Expenses: Pizza ingredients 7,39 Kitchen staff 5,870 Utilities 890 Delivery person 672 Delivery vehicle 988 Equipment depreciation 408 Rent 1,890 Miscellaneous 796 Total expense 18,904 Net operating income 8 ,696