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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 Cost per Pizza $ 4.89 Delivery $5,990 $ 650 5 8.70 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.50 $1.90 $ 670 $ 432 $1,950 5770 $ 0.19 In November, the pizzeria budgeted for 1,680 pizzas at an average selling price of $19 per pizza and for 180 deliveries. Dato concerning the pizzerio's actual results in November oppeor below: Actual Results 1,780 160 Pizzas Deliveries Revenue Pizza ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Hent Miscellaneous $34,410 $ 7,930 $ 5.930 5 905 $ 560 994 5 432 $ 1.95 $ 814 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.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget Pizzas Deliveries Actual Results 1.780 160 Revenue 34,410 Expenses Plaza ingredients Kitchen statt 7.930 5.930 905 Uudies 560 994 432 1 Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Not operating income 1,950 814 19,515 14,895 S

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