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Problem 9-19 (Algo) More Than One Cost Driver [LO9-2, LO9-3] 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 2,250 pizzas at an average selling price of $22 per pizza and for 210 deliveries Data concerning the pizzeria's actual results in November appear below Required: 1. Compute the revenue and spending variances for the pizzeria for November. (Indicate the effect of each variance by for favorable, "U" for unfavorable, ond "None" for no effect (i.e., zero variance). Input all amounts as positive values. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Milano Pizma } \\ \hline \multicolumn{5}{|c|}{ Revenue and Spending Variances } \\ \hline \multicolumn{5}{|c|}{ For the Month Ended November 30} \\ \hline & \multicolumn{2}{|c|}{\begin{tabular}{l} Actual \\ Results \end{tabular}} & \begin{tabular}{l} Revenue and Spending \\ Variances \end{tabular} & \begin{tabular}{l} Flexible \\ Budget \end{tabular} \\ \hline Pizzas & & 2,350 & & \\ \hline Deliveries & & 190 & & \\ \hline Revenue & $ & 52,480 & & \\ \hline \multicolumn{5}{|l|}{ Expenses: } \\ \hline Pizza ingredients & & 11,350 & & \\ \hline Kitchen staff & & 6,310 & & \\ \hline Utilities & & 1,000 & & \\ \hline Delivery person & & 646 & & \\ \hline Delivery vehicle & & 1.032 & & \\ \hline Equipment depreciation & & 584 & & \\ \hline Rent & & 2.330 & & \\ \hline Miscellaneous & & 928 & & \\ \hline Total expense & & 24,180 & & \\ \hline Net operating income & $ & 28.300 & & \\ \hline \end{tabular} Problem 9-19 (Algo) More Than One Cost Driver [LO9-2, LO9-3] 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 2,250 pizzas at an average selling price of $22 per pizza and for 210 deliveries Data concerning the pizzeria's actual results in November appear below Required: 1. Compute the revenue and spending variances for the pizzeria for November. (Indicate the effect of each variance by for favorable, "U" for unfavorable, ond "None" for no effect (i.e., zero variance). Input all amounts as positive values. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Milano Pizma } \\ \hline \multicolumn{5}{|c|}{ Revenue and Spending Variances } \\ \hline \multicolumn{5}{|c|}{ For the Month Ended November 30} \\ \hline & \multicolumn{2}{|c|}{\begin{tabular}{l} Actual \\ Results \end{tabular}} & \begin{tabular}{l} Revenue and Spending \\ Variances \end{tabular} & \begin{tabular}{l} Flexible \\ Budget \end{tabular} \\ \hline Pizzas & & 2,350 & & \\ \hline Deliveries & & 190 & & \\ \hline Revenue & $ & 52,480 & & \\ \hline \multicolumn{5}{|l|}{ Expenses: } \\ \hline Pizza ingredients & & 11,350 & & \\ \hline Kitchen staff & & 6,310 & & \\ \hline Utilities & & 1,000 & & \\ \hline Delivery person & & 646 & & \\ \hline Delivery vehicle & & 1.032 & & \\ \hline Equipment depreciation & & 584 & & \\ \hline Rent & & 2.330 & & \\ \hline Miscellaneous & & 928 & & \\ \hline Total expense & & 24,180 & & \\ \hline Net operating income & $ & 28.300 & & \\ \hline \end{tabular}