References esign Layout Mailings Review View Tell me A v v 12 ' ' E DE ab x x ADA Styles A Homework 8 Flexible Budgeting & Variance Analysis You are to complete this assignment by the time class starts on the due date (indicated in the syllabus or during class). You are free to use resources or talk with classmates, but all work tumed in must be your own. You may type or write/scan and upload to Blackboard, but make sure that I can read everything written down. It is your responsibility to make sure that the correct images have been uploaded. 1. Milano Pizza is a small 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 number of pizzas sold and number of deliveries made. Data concerning the pizzeria's costs appear below: Fixed Cost/ Month Cost/ Pizza S3.80 Cost/Delivery S5,220 S630 S0.05 Pizza Ingredients Kitchen Staff Utilities Delivery Person Delivery Vehicle Equipment Depreciation Rent Miscellaneous S3.50 $1.50 S540 S275 SI 830 S820 S0.15 In November, the pizzeria budgeted for 1.200 pizzas at an average selling price of $13.50 per pizza and for 180 deliveries Data concerning the pizzeria's operations in November appear below. Pizzas Deliveries Revenu Pizza Ingredients Kitchen Stall Utilines Delive Person Delivery Vehicle Equipment Detection Actual Results 1.240 174 S17420 S4985 S5281 1984 S60 S655 S225 + Ervas (United States Focus Did ab X, X APA Styles Styles AD T Pane In November, the pizzeria budgeted for 1,200 pizzas at an average selling price of $13.50 per pizza and for 180 deliveries. Data concerning the pizzeria's operations in November appear below: Pizzas Deliveries Revenue Pizza Ingredients Kitchen Staff Utilities Delivery Person Delivery Vehicle Equipment Depreciation Rent Miscellaneous Actual Results 1,240 174 $17,420 $4,985 S5,281 $984 S609 S655 S275 S1,830 954 Required: Compute the activity, revenue, and spending variances for each item and in total for November. Do not forget to mark favorable or unfavorable for each item. (It may help to create standard and flexible budgets and actual results side by side)