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A 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: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent PLEAS Deliveries Revenue Pissa ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipeent depreciation Rent Fixed Cost per Month Miscellaneou $5,890 $ 600 $620 5.392 $1,850 $720 Miscellaneous $ 0.10 In November, the pizzeria budgeted for 1,530 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,630 190 $ 23,360 $7,030 $ 5,030 $900 $570 $900 Cost per Pizza $4.30 $ 0.20 $.392 $1,650 6704 Cost per Delivery $ 3.00 $ 1.40 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 (.e., zero variance). Input all amounts as positive values.) 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.) Pizzas Deliveries Revenue Expenses Pizza ingredients Kitchen staff Utites Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income Actual Results S S Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 1,630 190 23,300 7,030 5,830 880 570 904 392 1,050 784 18,320 5,040 Flexible Budget Planning Budget 4

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