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 deliverles made. The pizzeria's cost formulas appear below: Fixed Cost per Month Cost per Pizza $ 4.38 Cost per Delivery $6, 110 $ 718 $ 0.30 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.10 $1.30 $ 730 $ 480 $2,070 $ $ 830 $ 0.15 In November, the pizzeria budgeted for 1,860 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria's actual results in November appear below. Actual Results 1,960 220 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 33,970 $ 9, 10 $ 6,50 $ 935 $ 682 $ 1,206 $ 480 $ 2,070 $ 85e Required: 1. Complete the flexible budget performance report that shows both revenue and spending varlances and activity variances for the pizzeria for November. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results Planning Budget Pizzas 1.960 220 Deliveries Revenue S 33.970 Expenses: Pizza ingredients 9,010 Kitchen staff 6,050 Utilities 935 Delivery person 682 1,006 Delivery vehicle Equipment depreciation Rent 480 Miscellaneous 2,070 850 21,083 Total expense Net operating income $ 12,887