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 is a small neighborhood p 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. Data concerning the pizzeria's costs appear below: Fixed Cost Cost per Cost per per Month Pizza Delivery Pizza ingredients 4.40 Kitchen staff 5,910 610 0.30 Utilities 3.10 Delivery person Delivery vehicle 630 1.50 400 Equipment depreciation 1,870 Rent 730 0.15 Miscellaneous In November, the pizzeria budgeted for 1,560 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's operations in November appear below Actual Results Pizzas 1,660 Deliveries 200 $25,450 Revenue 7,210 Pizza ingredients 5,850 Kitchen staff 885 Utilities 620 Delivery person Delivery vehicle 986 400 Equipment depreciation 1,870 Rent 790 Miscellaneous