Check my work 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 driversthe number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Fixed Cost per Month Cost per Pizza Cost per Delivery 4.00 $6,050 $ 680 $ 1.00 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $2.80 $2.20 $ 700 $ 456 $2,010 $ 800 $ 0.20 In November, the pizzeria budgeted for 1,770 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,870 190 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 26,800 $ 8,470 $ 5,990 $ 920 $ 532 $ 1,000 $ 456 $ 2,010 $ 832 Check my work 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 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Pizzas 1,870 Deliveries 190 Revenue $ 26,800 Expenses: Pizza ingredients 8,470 Kitchen staff 5,990 Utilities 920 Delivery person 532 1,000 Delivery vehicle Equipment depreciation Rent 456 2,010 Miscellaneous 832 Total expense 0 0 20,210 6,590 Net operating income $ 0 $ 0