Return to question 2 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 driversthe number of pizzas sold and the number of deliverles made. The pizzeria's cost formulas appear below: 6.66 points Cost per Fixed Cost per Month Cast per Delivery Pizza $ 4.30 $6,330 $ 820 $ 0.40 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.20 $1.30 $ 840 $ 568 $2,290 $ 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 pizzeria's actual results in November were as follows: Pizzas Deliveries Actual Results 2,290 170 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 46,560 $ 10,990 $ 6,270 $ 990 $ 544 $ 1,028 $ 568 $ 2,290 $ $ 916 Return to question 2 Required: 6.66 points 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.) Answer is complete but not entirely correct. Actual Results 2.290 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Flexible Variances Budget 2,290 170 Activity Variances Planning Budget 2,190 190 Pizzas Deliveries 170 Revenue $ 46,560 S 760F s 45,800 $ 2,000F $ 43,800 Expenses: Pizza ingredients Kitchen statt 10.990 1.143U 60H 9,847 6,330 1,736 5.270 430U None 40U 9,417 6,330 990 544 X 544 3,817 0X None 130 U 1,696 544 X 3,687 % 568 1,028 x 588 568 Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Tolal expense Net operating income 746F 0 0 None 2,789 F 0None 0 None 482F 2,934 XF 3,694 U 2,290 916 2,290 1,398 26,530 19,270 0 None 0 Nona 20U 620 X u 1,380 X U 2,290 1,378 25,910 X $ 17,890 23.596 $ 22.964 S IS $