Ihan 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 freeh delivery services. The pizzeria's owner has determined that the shop has two major cost drivers--the number of pizzas sold number of deliveries made. The pizzeria's cost formulas appear below. Fixed Cost per Month Cost per Pizza $ 3.80 Cost per Delivery $ 5,22e $ 630 $ 0.05 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 3.50 $ 1.50 $ 540 $ 275 $ 1,83e $ 82e $ 0.15 In November, the pizzeria budgeted for 1.200 pizzas at an average selling price of $13.50 per pizza and for 180 deliveries. ces Data concerning the pizzeria's actual results in November appear below. Pizzas Deliveries Actual Results 1,240 174 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 17,42e 5 4,985 $ 5,281 $ 984 5 609 5 655 5 275 1,830 $ 954 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.) eferences Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Results Flexible Budget Planning Budget Pizzas 1.240 Deliveries 174 Revenue $ 17.420 Expenses Pizza ingredients 4.985 Kitchen staff 5,281 Utilities 984 Delivery person 609 655 Delivery vehicle Equipment depreciation 275 Rent 1,830 Miscellaneous 954 Total expense 15,573 Net operating income $ 1,847