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 Cost per Pizza $ 4.70 Cost per Delivery per Month $6,190 $ 750 $ 0.70 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.50 $1.70 $ 770 $ 512 $ 2,150 $ 878 $ @.19 In November, the pizzeria budgeted for 1,980 plzzas at an average selling price of $13 per pizza and for 200 deliveries. Data concerning the pizzeria's actual results in November appear below. Actual Results 2,080 180 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 27,730 $ 9,730 $ 6,130 $ 955 $ $ 1,014 $ 512 $ 2,150 874 630 $ Required: 1. Complete the flexible budget performance report that shows both revenue and spending varlances and activity variances for the pizzeria for November. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results 2,080 Planning Budget Pizzas Deliveries 180 Revenue s 27,730 Expenses: Pizza ingredients Kitchen staff 9,730 6,130 Utilities 955 Delivery person 630 Delivery vehicle 1,014 Equipment depreciation 512 Rent 2,150 Miscellaneous 874 Total expense 21,995 Net operating income S 5,735