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. The pizzeria's cost formulas appear below: 04:38:25 Fixed Cost per Month Pizza ingredients Cost per Pizza $ 3.80 Cost per Delivery Utilities Kitchen staff Delivery person $ 5,220 $630 $ 0.05 $ 3.50 Book Delivery vehicle Equipment depreciation Rent $ 1,830 Miscellaneous $ 820 $ 0.15 $ 540 $275 $ 1.50 Hint In November, the pizzeria budgeted for 1,200 pizzas at an average selling price of $13.50 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 1,240 174 $ 17,420 $ 4,985 $ 5,281 $ 984 $ 609 $ 655 $275 $ 1,830 $ 954 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 Pizzas Deliveries Actual Results 1,240 174 $ 17,420 Revenue Expenses: Pizza ingredients 4,985 Kitchen staff 5,281 Utilities 984 Delivery person 609 Delivery vehicle 655 Equipment depreciation 275 Rent 1,830 Miscellaneous 9541 Total expense 15,573 Net operating income $ 1,847 Flexible Budget Planning Budget