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Problem 9-21 (Algo) More Than One Cost Driver (LO9-2, LO 9-3, LO 9-4, LO9-5] Milano Pizza is a small neighborhood pizzeria that has a small

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Problem 9-21 (Algo) More Than One Cost Driver (LO9-2, LO 9-3, LO 9-4, LO9-5] 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 Pizza $4.60 Cost per Delivery $5,950 $ 630 $ 0.50 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.30 $1.70 S 650 S416 $1,910 $ 750 $ 0.25 In November, the pizzeria budgeted for 1,620 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria's actual results in November appear below: Pizzas Deliveries Actual Results 1,720 220 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 29,810 $ 7,570 $ 5,890 $ 895 $ 726 $ 990 $ 416 $ 1,910 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 (.e., zero variance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results Planning Budget Pizzas 1.720 220 Deliveries Revenue $ 29,810 Expenses Pizza ingredients Kitchen sta Utilities Delivery person Delivery vehicle Equipment depreciation Rent 7.5701 5.890 895 7267 990 416 19101 Miscellaneous 802 Total expense 19.190 Not operating income $ 10.611

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