Problem 9-21 (Algo) More Than One Cost Driver [LO9-2, LO 9-3, LO 9-4, LO9-5] 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 Cost per Cost Pizza Delivery per Month Pizza ingredients $ 5.00 $6,030 $ Kitchen staff $ 0.90 Utilities 670 Delivery person Delivery vehicle Equipment depreciation $2.70 $2.10 $ 690 448 $1,990 $ Rent $ 0.15 Miscellaneous 790 In November, the pizzeria budgeted for 1,740 pizzas at an average selling price of $13 per pizza and for 200 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results Pizzas 1,840 Deliveries 180 $ 24,530 $ Revenue Pizza ingredients 8,290 $ Kitchen staff 5,970 $ $ $ $ $ Utilities 915 Delivery person Delivery vehicle Equipment depreciation 486 998 448 1,990 $ Rent Miscellaneous 826 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 Flexible Actual Planning Budget Results Budget Pizzas 1,840 Deliveries 180 Revenue $ 24,530 Expenses: Pizza ingredients 8,290 Kitchen staff 5,970 Utilities 915 Delivery person 486 Delivery vehicle 998 Equipment depreciation 448 Rent 1,990 Miscellaneous 826 Total expense 19,923 Net operating income $ 4,607