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 pizzerias owner has determined that the shop has two major cost driversthe number of pizzas sold and the number of deliveries made. Data concerning the pizzerias costs appear below:

	Fixed Cost per Month		Cost per Pizza		Cost per Delivery
Pizza ingredients			$	4.30
Kitchen staff	$	6,110
Utilities	$	710	$	0.30
Delivery person					$	3.10
Delivery vehicle	$	730			$	1.30
Equipment depreciation	$	480
Rent	$	2,070
Miscellaneous	$	830	$	0.15

In November, the pizzeria budgeted for 1,860 pizzas at an average selling price of $17 per pizza and for 240 deliveries.

Data concerning the pizzerias operations in November appear below:

	Actual Results
Pizzas		1,960
Deliveries		220
Revenue	$	33,970
Pizza ingredients	$	9,010
Kitchen staff	$	6,050
Utilities	$	935
Delivery person	$	682
Delivery vehicle	$	1,006
Equipment depreciation	$	480
Rent	$	2,070
Miscellaneous	$	850

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.)

Actual Results 33 970 Revenue Pizza ingredients 9,010 Kitchen staff 6,050 Utilities 935 682 Delivery person 1,006 Delivery vehicle 480 Equipment depreciation Rent 2,070 850 Miscellaneous 21,083 Total expense Net operating income S 12,887 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Flexible Planning Activity Variances Budget Variances Budget 0 0 Actual Results 33 970 Revenue Pizza ingredients 9,010 Kitchen staff 6,050 Utilities 935 682 Delivery person 1,006 Delivery vehicle 480 Equipment depreciation Rent 2,070 850 Miscellaneous 21,083 Total expense Net operating income S 12,887 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Flexible Planning Activity Variances Budget Variances Budget 0 0