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 pizzerias owner has determined that the shop has two major cost driversthe number of pizzas sold and the number of deliveries made.

The pizzerias cost formulas appear below:

	Fixed Cost per Month	Cost per Pizza	Cost per Delivery
Pizza ingredients		$ 4.60
Kitchen staff	$ 5,950
Utilities	$ 630	$ 0.50
Delivery person			$ 3.30
Delivery vehicle	$ 650		$ 1.70
Equipment depreciation	$ 416
Rent	$ 1,910
Miscellaneous	$ 750	$ 0.25

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 pizzerias actual results in November were as follows:

	Actual Results
Pizzas	1,720
Deliveries	220
Revenue	$ 29,810
Pizza ingredients	$ 7,570
Kitchen staff	$ 5,890
Utilities	$ 895
Delivery person	$ 726
Delivery vehicle	$ 990
Equipment depreciation	$ 416
Rent	$ 1,910
Miscellaneous	$ 802

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.)

Milano Pizza is a small neighborhood plzzerla that has a small area for In-store dining as well as offering take-out and free home delivery services. The pizzerla's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the number of dellveries made. The plzzerla's cost formulas appear below: In November, the pizzerla budgeted for 1,620 pizzas at an average selling price of $17 per plzza and for 240 deliveries. Data concerning the pizzeria's actual results In November were as follows: Required: 1. Complete the flexible budget performance report that shows both revenue and spending varlances and actlvity varlances for the plzzerla for November. (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) Milano Pizza is a small neighborhood plzzerla that has a small area for In-store dining as well as offering take-out and free home delivery services. The pizzerla's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the number of dellveries made. The plzzerla's cost formulas appear below: In November, the pizzerla budgeted for 1,620 pizzas at an average selling price of $17 per plzza and for 240 deliveries. Data concerning the pizzeria's actual results In November were as follows: Required: 1. Complete the flexible budget performance report that shows both revenue and spending varlances and actlvity varlances for the plzzerla for November. (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.)