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 cost per Cost PL Der Month Delivery Pizza ingredients 5.4.60 Kitchen Stoft 56,210 Utilities $760 $ 0.00 Delivery person $2.60 Delivery vehicle $780 51.30 Equipment depreciation 5520 Rent 52,170 Miscellaneous $180 $ 0.20 In November, the pizzeria budgeted for 2.010 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concoming the pizzerio's actual results in November were as follows: Actual Pirtas Deliveries Results 2.110 190 Revenue Pizza Ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 30,240 $ 9,910 $ 6,150 $ 960 $ 494 $1,816 S $ 2.170 $ 880 520 Required: Rent Miscellaneous $ 2,170 $ 880 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 (t.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 Actual Results 2.110 190 Pizzas Deliveries $ 30.240 Revenue Expenses : Pizza ingredients Kitchen Staff 9,910 6,150 960 Utilities 494 1.016 520 Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 2,170 880 22,100 $ 8.140 The pizzeria's cost formulas appear below: Fixed Cost per Month Cost per cost per Pizza Delivery $ 4.80 $6,210 $ 760 $ 0.80 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 52.60 $1.50 $ 780 $ 520 $2,170 $ 880 $ 0.20 In November, the pizzeria budgeted for 2.010 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Actual Results 2.110 190 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 30, 240 $ 9,910 $ 6,150 $ 960 $ 494 $ 1,816 $ 520 $ 2,170 $ 880 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 "P" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Milano Pizza