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 Fixed cost per Month 56,090 $ 700 Cost bor Piz $14.20 Cost per Delivery $ 0.20 Pizza ingredients Kitchen Staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.00 $1.20 $ 720 5472 $2,050 $320 5.0.10 in November, the pizzeria budgeted for 1830 pizzas at an average selling price of $16 per pirza and for 230 deliveries Data concerning the pizzeria's actual results in November appear below Pizzas Deliveries Actual Results 1,950 210 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 31,520 5 3,830 $ 6,030 $ 930 $ 630 5 1,094 472 5 2,050 5 844 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 (le, zero variance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget Puzzas Deliveries Actual Results 1.930 210 $ 31 520 8,830 5,030 030 630 Revenue Exponses Puzz ingredients Kitchen stall Undies Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 1,004 472 2050 344 20,700 10.730 5