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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 Cost per Month Cost per Pinza $ 5.00 Cost per Delivery $6,250 $ 780 $ 1.00 Pa Ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Rent Mincellaneous $2.80 $2.00 5 $ 800 $ 536 $2,210 $ 900 $0.10 In November, the pizzeria budgeted for 2,070 pizzas at an average selling price of $16 per pizza and for 230 deliveries Data concerning the pizzeria's actual results in November were as follows: Actual Renuto 2,170 210 Dinas Deliverio Revenge Pizza ingredients Kitchen statt Utilities Delivery person Delivery vehicle Want Herrera $ 35,440 $ 10,290 $ 6,190 $ 970 5 5 1,020 $ S16 Se BL In November, the pizzeria budgeted for 2,070 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pias Deliverien Actual Results 2,170 210 Revenue Pizza ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 35, 440 $ 10,270 $ 6,190 $ 970 $ 588 $ 1.020 $ 536 $ 2,210 892 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 (ie, zero variance). Input all amounts os positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results Planning Budget

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