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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 $ 4.30 staff $ 6,110 Utilities $ 710 $ 0.30 Delivery person $ 3.10 Delivery vehicle $ 730 $ 1.30 Equipment depreciation $ 480 Rent $ 2,070 Miscellaneous $ 830 $ 0.15 In November, the pizzeria budgeted for 1,860 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzerias operations in November appear below: Actual Results Pizzas 1,960 Deliveries 220 Revenue $ 33,970 Pizza ingredients $ 9,010 Kitchen staff $ 6,050 Utilities $ 935 Delivery person $ 682 Delivery vehicle $ 1,006 Equipment depreciation $ 480 Rent $ 2,070 Miscellaneous $ 850

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.)image text in transcribed

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