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 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 Cost per Cost per Pizza Delivery per Month Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 4.40 $5,910 $ 610 0.30 $3.10 $1.50 $630 400 $1,870 $ 730 0.15 In November, the pizzeria budgeted for 1,560 pizzas at an average selling price of $15 per pizza and for 220 deliveries Data concerning the pizzeria's actual results in November appear below: Actual Pizzas Deliveries Results 1,660 200 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle $ 25,450 $ 7,21e0 5,850 $885 $620 $986 Equipment depreciation $400 $1,870 $790 Rent Miscellaneous