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Milano Pizza is a small neighborhood pizzeria that has a small area for instore dining as well as offering takeout and free home delivery services.

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Milano Pizza is a small neighborhood pizzeria that has a small area for instore dining as well as offering takeout and free home delivery services. The pizzeria's owner has determined that the shop has two major cost driversthe number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Fixed Cost Cost per Cost per per Month Pizza Delivery Pizza ingredients $ 5.88 Kitchen staff $ EJBBB Utilities $ 676 $ 9.96 Delivery person $ 2.?@ Delivery vehicle $ 699 $ 2.19 Equipment depreciation $ 448 Rent $ 1,999 Miscellaneous $ 796 $ 6.15 In November. the pizzeria budgeted for 1.740 pizzas at an average selling price of $13 per pizza and for 200 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results Pizzas 1,849 Deliveries 186 Revenue $ 24,538 Pizza ingredients $ 8,296 Kitchen staff $ 5,9?6 Utilities $ 915 Delivery person $ 486 Delivery vehicle $ 998 Equipment depreciation $ 448 Rent $ 1,999 Miscellaneous $ 826 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 He, zero variance}. Input all amounts as positive values.) Pizzas Deliveries Revenue $ Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income $

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