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 $4.60 Cost per Delivery Pizza ingredients Kitchen staff Ubilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous S 6,170 S 740 $ 0.60 $ 3.40 1.60 S 760 S 504 S 2.130 S 860 $0.20 In November, the pizzeria budgeted for 1,950 pizzas at an average selling price of S20 per pizza and for 190 deliveries. Data concerning the pizzera's operations in November appear below Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 2,050 170 41,680 $ 9,550 $ 6,110 $ 950 $ 578 $ 1,012 504 S 2,130 S 868 Required 1. Complete the fiexible budget pertormance 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 (.e., zero variance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Flexible Planning Actual Results Budget Activity Variances Variances Revenue S 41,680 Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent 9,550 6,110 950 578 1,012 504 2,130 868 21,702 S 19,978 Total expense Net operating income