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Streeterville Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well offering takeout and free home delivery services. The

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Streeterville Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well offering takeout 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. Data concerning the pizzeria's costs appear below: Fixed Cost per Month Cost per Pizza $4.70 Cost per Delivery $6,190 $ 750 $0.70 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.50 $1.70 $ 770 $ 512 $2,150 $ 870 $0.10 In October, the pizzeria budgeted for 1,980 pizzas at an average selling price of $13 per pizza and for 200 deliveries Data concerning the pizzeria's operations in October appear below: Actual Results 2,080 180 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 27,730 $ 9,730 $ 6,130 $ 955 $ 630 $ 1,014 $ 512 $ 2,150 $ 874 Required: 1. Compute the revenue and spending variances for the pizzeria for October. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Streeterville Pizza Revenue and Spending Variances For the Month Ended October 31 Flexible Actual Revenue and Spending Budget Results Variances Revenue Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income

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