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

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: Cost per Fixed Cost per Month Cost per Pizza $ 4.30 Delivery $ 5,890 3600 $ 0.20 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.00 $ 1.40 $ 620 $ 392 $ 1.850 $ 720 $ 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 appear below:
Data concerning the pizzeria's actual results in November appear below: Pizzas Deliveries Actual Results 1.630 190 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 23, 360 s 7.030 $ 5,830 880 s 570 $ 984 $ 392 $ 1.850 784 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 (1.e., zero variance). Input all amounts as positive values.)
For the Month Ended November 30 Flexible Budget Actual Results 1.630 190 Planning Budget Pizzas Deliveries Revenue $ 23,360 Expenses: Pizza ingredients Kitchen staff 7,030 5,830 Utilities 880 570 984 Delivery person Delivery vehicle Equipment depreciation Rent 392 1,850 784 Miscellaneous Total expense 18,320 5,040 Net operating income $