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 Cost per Delivery $ 4.50 $6,150 $ 730 $ 0.50 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.30 $1.50 $ 750 $ 496 $2,110 $ 850 $ 0.25 In November, the pizzeria budgeted for 1,920 pizzas at an average selling price of $19 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 2,020 160 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 39,050 $ 9,370 $ 6,090 $ 945 $ 528 $ 1,010 $ 496 $ 2,110 $ 862 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 Flexible Budget Planning Budget Pizzas Deliveries Actual Results 2,020 160 Revenue $ 39,050 $ 670 F $ 38,380F $ 1,900 2800 450 9,370 6,090 60 F 0 945 795 F 9,090 U 6,150 None 1,740 U 528 F 990F 50 528 Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 66 0 None 200 1,010 30 496 0 None 0 0 None 0 2,110 862 496 None 2,110 None 1,355 U 22,459 U 493 F 25 429 21,411 17,639 $ 1,048 F 1,718 F $ $ 15,921 F $ 1,471