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 Cost per Pizza Cost per Delivery per Month $ 5.00 $ 6,250 $ 780 $ 1.00 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 2.80 $2.00 $ 800 $ 536 $2,210 $ 900 $ 0.10 In November, the pizzeria budgeted for 2,070 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Actual Results 2,170 210 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous AAAAAA $ 35,440 $ 10,270 $ 6,190 970 588 1,020 536 2,210 892 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 Revenue and Spending Flexible Variances Budget Activity Variances Actual Results 2,170 Planning Budget Pizzas Deliveries 210 $ 35,440 F Revenue Expenses: Pizza ingredients Kitchen staff 10,270 F F U None 6,190 Utilities 970 F 588 None Delivery person Delivery vehicle Equipment depreciation 1,020 None 536 2.210 Rent None F F None None U LU F Miscellaneous 892 22,676 0 0 Total expense Net operating income F F $ 12,764 $ 0 $ 0