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 per Month Cost per Pizza $ 4.30 Cost per Delivery $6,11e $ 718 $ 8.30 Pizza ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.10 $1.38 $ 730 $ 480 $2,070 $ 830 $ 0.15 In November, the pizzeria budgeted for 1.860 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,96 220 Pizzas Deliveries Revenue Pizza ingredients Kitchen staft Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 33,970 $ 9,018 $ 6, ese $ 935 $ 682 $ 1,606 $ 480 $ 2. e7e $ ase 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 (1.e., zero varlance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Flexible Variances Budget Actual Results 1,980 Activity Variances Planning Budget Pizzas Deliveries 220 33,970 Revenue Expenses: Pizza ingredients Kitchen staff 9,010 6,050 935 Utilities 882 Delivery person Delivery vehicle Equipment depreciation Rent 1,006 480 2070 850 Miscellaneous Total expense Net operating income 0 0 21,083 12.887 $ $ 0 $ 0