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: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Fixed Cost Cost per per Month Pizza $ 5.00 Cost per Delivery $ 6,030 $ 670 $ 0.90 $ 690 $ 2.70 $2.10 $ 448 $ 1,990 $ 790 $ 0.15 In November, the pizzeria budgeted for 1,740 pizzas at an average selling price of $13 per pizza and for 200 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person 1,840 100 $ 24,530 58,290 $5,970 $915 $ 486 $ 998 Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 448 $ 1,990 $826 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 (ie., zero variance). Input all amounts as positive values.) My Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 998 $ 448 $ 1,990 $ 826 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 1,840 180 $ 24,530 Flexible Budget Planning Budget Revenue Expenses Pizza ingredients 8,290 Kitchen staff 5,970 Ubilities 915 Delivery person 486 Delivery vehicle 998 Equipment depreciation 448 Rent 1,990 Miscellaneous 826 Total expense 19,923 0 Net operating income $ 4,607 0