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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 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 Cone cost per cost per per MonthPizza Delivery $ 4.40 Pizza ingredients Kitchen staff utilities Delivery person Delivery vehicle $6,350 $ 830$ 0.50 $3.30 $1.40 $ 850 Equipment depreciation 576 2,310 Rent Miscellaneous $ 950s0.25 in November, the pizzeria budgeted for 2.220 pizzas at an average selling price of $21 per pizza and for 200 deliveries. Data concerning the pizzeria's actual results in November appear below Actual Pizzas Deliveries Results 2,320 180 Revenue Pizza ingredients s 49,490 s 11.170 s 6,290 kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $995 $id 594 $.030 s e4 576 s 2,310 922 1. Complete the flexible budget performance report that shows both revenue and spending varlances 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 (i.e., zero variance). Input all amounts as positive values.) Flexible Budget Performance Report For the Month,Ended November 30 Flexible Planning Actual Results 2,320 180 Pizzas es Deliveries Revenue S49.490 Pizza ingredients Kitchen staff Utilities Delivery person Delvery vehicle 11.170 6.290 995 594 ,030 576 2.310 922 23,887 Equipment depreciation Rent Total expense Net operating income S 25,603

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