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The pizzeria's cost formulas appear below Cost per Cost per Fixed Cost per Nonth Pizza Delivery $4.60 Pizza ingredients Kitchen staff Utilities $5,950 $630 $0.50
The pizzeria's cost formulas appear below Cost per Cost per Fixed Cost per Nonth Pizza Delivery $4.60 Pizza ingredients Kitchen staff Utilities $5,950 $630 $0.50 $3.30 Delivery person Delivery vehicle $650 $1.70 Equipment depreciation $416 Rent $1,910 Miscellaneous $ 750 $ 0.25 In November, the pizzeria budgeted for 1620 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 Actual Pizzas Deliveries Results 1,720 220 Revenue $ 29,810 $ 7,570 Pizza ingredients Kitchen staff Utilities $ 5,890 $ 895 $ 726 Delivery person Delivery vehicle Equipment depreciation $ 990 $ 416 Rent $ 1,910 Miscellaneous $ 8:02 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 Flexible Budget Performance Report For the Month Ended November 30 Flexible Actual Results Planning Budget Budget Pizzas Deliveries Revenue Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 1,720 220 5 29,810 7,570 5,890 895 726 990 416 1,910 802 19,199 10,611 $
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