Milano Pizza is a small neighborhood pizzeria that has a small area for instore dining as well as offering takeout 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 Cost per per Month Pizza Delivery Pizza ingredients $ 4.56 Kitchen staff $ 5,3?9 Utilities s 842: $ 9.56 Delivery person $ 3.48 Delivery vehicle $ 859 $ 1.56 Equipment depreciation $ 584 Rent $ 2,338 Miscellaneous $ 969 $ 9.16 In November, the pizzeria budgeted for 2,250 pizzas at an average selling price of$22 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results Pizzas 2,356 Deliveries 196 Revenue 5 52,489 Pizza ingredients 5 11,356 Kitchen staff $ 5,316 Utilities $ 1,866 Delivery person $ 645 Delivery vehicle $ 1,832 Equipment depreciation $ 584 Rent $ 2,339 Miscellaneous $ 928 Required: 1. Complete theflexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for N ovember. {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.) SATITTT10 h Delivery person $ 646 Delivery vehicle $ 1,032 Equipment depreciation $ 584 Rent $ 2,330 Miscellaneous $ 928 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 Actual Flexible Planning Results Budget Budget Pizzas 2,350 Deliveries 190 Revenue $ 52,480 Expenses: Pizza ingredients 11,350 Kitchen staff 6,310 Utilities 1,000 Delivery person 646 Delivery vehicle 1,032 Equipment depreciation 584 Rent 2,330 Miscellaneous 928 Total expense 24, 180 Net operating income $ 28,300ULILILIES Delivery person $ 646 Delivery vehicle $ 1, 032 Equipment depreciation $ 584 Rent $ 2,330 Miscellaneous $ 928 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 Actual Flexible Planning Results Budget Budget Pizzas 2,350 Deliveries 190 Revenue $ 52,480 Activity Variances Expenses: Revenue and Spending Variances Pizza ingredients 11,350 Kitchen staff 6,310 Utilities 1,000 Delivery person 646 Delivery vehicle 1,032 Equipment depreciation 584 Rent 2,330 Miscellaneous 928 Total expense 24,180 Net operating income $ 28,300