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. points The pizzeria's cost formulas appear below: Fixed Cost per Month Cost per Pizza $ 4.50 cost per Delivery eBook $5,930 $ 620 $ 0.40 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.20 $1.60 Print $ 640 $ 408 $1,890 $ 740 $ 0.20 References In November, the pizzeria budgeted for 1,590 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 1,690 210 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous DA GA GA GA GA GA $ 27,600 $ 7,390 $ 5,870 $ 890 672 988 408 $ 1,890 $ 796 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 Actual Results 1,690 Planning Budget Pizzas Deliveries 210 $ 27,600 | Revenue Expenses Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 7,390 5,870 | 890 672 988 408 1,890 796 18,904 8,696 I I I $