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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 plzzeria'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 Cout per Month Cost per Pizza $ 4.10 Cost per Delivery $6,070 $ 690 $0.10 Pista ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $2.90 $2.30 $ 710 $ 464 $2,030 $ 810 $ 0.05 In November, the pizzeria budgeted for 1,800 pizzas at an average selling price of $15 per pizza and for 220 deliveries, Data concerning the plzzeria's actual results in November were as follows: Pizzas Deliveries Actual Results 1,900 200 Revenue Pizza ingredients Kitchen statt Utilities $ 29,130 $ B, 650 6,020 925 EOR Pizzas Deliveries Actual Resulta 1,900 200 Ravenue Piaza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 29, 130 $ 8,650 $ 6,010 $ 925 580 $ 1,002 $ 464 2,03 838 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values.) Check my work 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 Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results 1,900 200 Planning Budget Puzzas Deliveries $ 29,130 Revenue Expenses Pizza ingredients Kitchen staff 8,650 6,010 925 Utilities 580 1,002 Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 464 2,030 838 20,499 8,631 $

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