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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.

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. Data concerning the pizzerias costs appear below: Fixed Cost per Month Cost per Pizza Cost per Delivery Pizza ingredients $ 4.80 Kitchen staff $ 6,210 Utilities $ 760 $ 0.80 Delivery person $ 2.60 Delivery vehicle $ 780 $ 1.80 Equipment depreciation $ 520 Rent $ 2,170 Miscellaneous $ 880 $ 0.20 In November, the pizzeria budgeted for 2,010 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzerias operations in November appear below: Actual Results Pizzas 2,110 Deliveries 190 Revenue $ 30,240 Pizza ingredients $ 9,910 Kitchen staff $ 6,150 Utilities $ 960 Delivery person $ 494 Delivery vehicle $ 1,016 Equipment depreciation $ 520 Rent $ 2,170 Miscellaneous $ 880 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.)

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