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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:

$$ Fixed Cost per Month Cost per Pizza Cost per Delivery

Pizza ingredients $

$5$

$.$

$0$

$0$

$$

Kitchen staff $

$6$

$,$

$0$

$3$

$0$

$$

Utilities $

$6$

$7$

$0$

$$$

$0$

$.$

$9$

$0$

$$

Delivery person $

$2$

$.$

$7$

$0$

Delivery vehicle $

$6$

$9$

$0$

$$ $

$2$

$.$

$1$

$0$

Equipment depreciation $

$4$

$4$

$8$

$$

Rent $

$1$

$,$

$9$

$9$

$0$

$$

Miscellaneous $

$7$

$9$

$0$

$$$

$0$

$.$

$1$

$5$

$$

In November, the pizzeria budgeted for

$1$

$,$

$7$

$4$

$0$

$$pizzas at an average selling price of $

$1$

$3$

$$per pizza and for

$2$

$0$

$0$

$$deliveries$.$

Data concerning the pizzeria

$$

s actual results in November were as follows:

$$ Actual Results

Pizzas

$1$

$,$

$8$

$4$

$0$

Deliveries

$1$

$8$

$0$

Revenue $

$2$

$4$

$,$

$5$

$3$

$0$

Pizza ingredients $

$8$

$,$

$2$

$9$

$0$

Kitchen staff $

$5$

$,$

$9$

$7$

$0$

Utilities $

$9$

$1$

$5$

Delivery person $

$4$

$8$

$6$

Delivery vehicle $

$9$

$9$

$8$

Equipment depreciation $

$4$

$4$

$8$

Rent $

$1$

$,$

$9$

$9$

$0$

Miscellaneous $

$8$

$2$

$6$

Required:

$1$

$.$

$$Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November.

Note: 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.

I need BOTH

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