1. Complete the planning budget & 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.) Ray Co. provided the following excerpts from its Production Department's flexible budget performance re (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for (i.e., zero variance). Input all amounts as positive values. Round "rate per hour" answers to 2 decimal pl Sonny Company Production Department Flexible Budget Performance Report For the Month Ended March 31 Actual Spending Flexible Activity Planning Results Variances Budget Variances Budget Labor-hours 9,230 9,230 9,150 Direct labor : $ 133,835 ? S 138,450 ? $ 137,250 Indirect labor ? $ 1,825 F $ 22,220 ? 2 Utilities ($6,5 ? $ 1,450 U ? $ 48 US 11,590 4,715 ? $ 4,6257 $ 4,565 Supplies (S?$ Equipment Depreciation ? Factory Administrati ? $ 50 F ? ? ? ? ? ? 2 Total Expenses 286,725