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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 dellvery 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 dellvery services. The pizzerla'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. ce Pland cont Cont per Coat per per month Dixit Bely Pinza ingredient $4.40 Kitchen statt 0.5,910 Utilities 8610 $0.30 Delivery person $ 3.10 Delivery vehicle 0630 $ 1.50 Tiquipment depreciation 400 Rent $ 1,870 Miscellaneous 730 0.15 In November, the plzzeria budgeted for 1,560 pizzas at an average selling price of $15 per pizza and for 220 dellverles. Data concerning the pizzeria's actual results in November were as follows: Motul Romalt Pitan 1.660 Deliveries 200 Revenue 25,450 Ingredients 7310 Xitohen start 5,850 uition 5 Delivery person $ 620 Delivery vehele 900 mant depreciation 400 ent 1,070 cellaneous 790 Required: 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 "P" for favorable, "U" for unfavorable, and "None" for no effect (1.o., zero variance). Input all amounts as positive values.) Metal Budget Performanta Raport For the Month in November 10 Actual Flexible Route 1,060 200 $ 25,450 Pizza Deliveries Revenue Expenses Pizza ingredients Kitchen stall 7210 5,850 Utos 885 620 Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 986 400 1.670 700 18,611 0.839 Total corpo Net operating income $

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