Problem 9-20 More Than One Cost Driver [LO9-4, LO9-5] Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering ery services. The pizzeria's owner has determined that the shop has two major cost driversthe number of pizzas sold and the number of deliveries made. Data concerning the pizzeria's costs appear below: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Fixed Cost Cost per Cost per per Month Pizza Delivery $ 4.90 $ 6,230 $ 770 $0.90 $ 2.70 $ 790 $ 1.90 $ 528 $ 2,190 $ 890 $ 0.20 In November, the pizzeria budgeted for 2,040 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's operations in November appear below: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 2,140 200 $32,810 $10,090 $ 6,170 $ 965 $ 540 $ 1,018 $ 528 $ 2,190 $ 886 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 Revenue and Spending Flexible Variances Budget Actual Results $ 32,810 Activity variance Activity Variances Planning Budget Revenue Expenses: Pizza ingredients Kitchen staff I I Utilities | | Delivery person Delivery vehicle Equipment depreciation 10,090 I 6,170 965 540| 1,018 528 2,190 886 22,387 10,423 Rent Miscellaneous Total expense Net operating income $