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.

The pizzerias cost formulas appear below:

Fixed Cost per MonthCost per PizzaCost per Delivery Pizza ingredients $ 4.30 Kitchen staff$ 6,330 Utilities$ 820$ 0.40 Delivery person $ 3.20 Delivery vehicle$ 840 $ 1.30 Equipment depreciation$ 568 Rent$ 2,290 Miscellaneous$ 940$ 0.20

In November, the pizzeria budgeted for 2,190 pizzas at an average selling price of $20 per pizza and for 190 deliveries.

Data concerning the pizzerias actual results in November were as follows:

Actual Results Pizzas2,290 Deliveries170 Revenue$ 46,560 Pizza ingredients$ 10,990 Kitchen staff$ 6,270 Utilities$ 990 Delivery person$ 544 Delivery vehicle$ 1,028 Equipment depreciation$ 568 Rent$ 2,290 Miscellaneous$ 916

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.)