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 $ 4.90 $6,010 $ 660 $ 0.80 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $2.60 $2.00 $ 680 $ 440 $1,970 780 $ $ 0.10 In November, the pizzeria budgeted for 1,710 pizzas at an average selling price of $20 per pizza and for 190 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,810 170 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 36, 800 $ 8, 110 $ 5,950 $ 910 442 $ 996 $ 440 $ 1,970 $ 820 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.) Answer is not complete. Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Revenue and Spending Variances Budget 1,810 170 Activity Variances Actual Results 1,810 170 Planning Budget 1,710 190 Pizzas Deliveries Revenue $ 36,800 $ 2,600 F F $ 34,200 F $ 34,200 8,110 U 8,379 6,010 5,950 0 None 910 269 F 60 F 1,118 F 0 None 64 X F 9,648 6,010 2,028 494 1,060 U 2,028 442 Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income F 494 996 F 1,060 440 0 None 440 0 None 440 0 None 1,970 951 U 1,970 820 19,638 $ 17,162 0 None 131 F 4,054 F 6,654 F 1,970 951 21,332 $ 12,868 F 22,601 U $ $ 11,599 F