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 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities $ 6,230 $ 770 Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 798 $ 528 $ 2,190 $ 890 Actual Results 2,140 200 In November, the pizzeria budgeted for 2,040 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's actual results in November were as follows: $ 32,810 $ 10,090 Cost per Pizza $ 4.90 $ 6,170 $ 965 $ 540 $ 1,018 $ 528 $ 2,190 $ 886 $ 0.90 $ 0.20 Cost per Delivery $ 2.70 $ 1.90 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.) 4

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: In November, the pizzeria budgeted for 2.040 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's actual results in November were as follows. Required: 1. Complete the fiexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. (indicote the effect of each variance by selecting "F" for fovorable, " U " for unfovorable, and "None" for no effect (i.e, zero vorionce). Input all amounts os positive values.)