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 Cost per per Month Pizza Delivery Pizza ingredients $ 4.00 Kitchen staff $6,270 Utilities 790 $ 0.10 Delivery person $2.99 Delivery vehicle $ 810 $2.10 Equipment depreciation $ 544 Rent $2,238 Miscellaneous $ 910 $ 0.05 $ In November, the pizzeria budgeted for 2,100 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: Pizzas Deliveries Actual Results 2,200 22e Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 38,130 $ 19,450 $ 6, 21e $ 975 $ 638 $ 1,022 $ 544 $ 2,230 $ 898 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as posltlve values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Flexible Variances Budget 2,200 220 Activity Variances Actual Results 2.200 220 Planning Budget 2,100 240 Pizzas Deliveries Revenue s 38,130 S 37,400 s 35,700 Expenses: Pizza ingredients Kitchen staff 8.800 10,450 6,210 8,400 6,270 6,270 Utilities 975 1,010 1.000 638 638 898 1,022 Delivery person Delivery vehicle Equipment depreciation Rent 544 544 544 2.230 2,230 898 2.230 1,015 1,020 Miscellaneous Total expense 22.967 Net operating income S 15,163