#1 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. Data concerning the pizzeria’s costs appear below:     Fixed Cost Per Month Cost per Pizza Cost per Delivery   Pizza ingredients   $2.0     Kitchen staff $3,820       Utilities $540 $0.05     Delivery person     $2.5   Delivery vehicle $340   $1.

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#1 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. Data concerning the pizzeria’s costs appear below:??   ?Fixed Cost Per Month?Cost per Pizza?Cost per Delivery??  Pizza ingredients? ?$2.0? ??  Kitchen staff?$3,820? ? ??  Utilities?$540?$0.05? ??  Delivery person? ? ?$2.5??  Delivery vehicle?$340? ?$1.0??  Equipment depreciation?$190? ? ??  Rent?$1,780? ? ??  Miscellaneous?$810?$1? ???? In November, the pizzeria budgeted for 1,250 pizzas at an average selling price of $16 per pizza and for 190 deliveries.??Data concerning the pizzeria’s operations in November appear below:??   ?Actual Results??  Pizzas?1,320??  Deliveries?150??  Revenue?$18,500??  Pizza ingredients?$3,285??  Kitchen staff?$5,260??  Utilities?$1,000??  Delivery person?$375??  Delivery vehicle?$530??  Equipment depreciation?$190??  Rent?$1,780??  Miscellaneous?$910???? Required:??Prepare a flexible budget performance report that shows both activity variances and revenue and spending variances for the pizzeria for November. (Round your answers to the nearest dollar amount. Leave no cells blank – be certain to enter “0” wherever required. Indicate the effect of each variance by selecting “F” for favorable, “U” for unfavorable, and “None” for no effect (i.e., zero variance). Input all amounts as positive values. Omit the “$” sign in your response.)??  Milano Pizza Flexible Budget Performance Report For the Month Ended November 30?? ?Activity Variances?Revenue and Spending Variances??  Revenue?amount$      ?(Click to select)None Favorable Unfavorable      ?amount$      ?(Click to select)Favorable Unfavorable None      ?? ??????  Expenses:? ? ? ? ??     Pizza ingredients?     ?(Click to select)F U None      ?     ?(Click to select)FUNone      ??     Kitchen…

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