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 Cost per Pizza Cost per Fixed Cost Delivery per Month $ 4.30 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation $6,110 710 $ 0.30 $3.10 $1.30 $ 730 S 480 $2,070 $ 830 Rent S 0.15 Miscellaneous average selling price of $17 per pizza and for 240 deliveries. In November, the pizzeria budgeted for 1,860 pizzas at an Data concerning the pizzeria's actual results in November appear below: Actual Results 1,960 220 Pizzas Deliveries S 33,970 Revenue 9,010 Pizza ingredients Kitchen ataff 6,050 935 n414+nm 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 Equipmont depreciation Rent Miscellaneous S 33,970 9,010 $ 6,050 935 682 1,006 480 $ 2,070 850 Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances forthe 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 variahce). Input all amounts as positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Planning Flexible Actual Results Budget Budget 1,960 Pizzas 220 Deliveries 33,970 $ Revenue Expenses: 9,010 Pizza ingredients 6,050 Kitchen staff 935 Utilities 682 Delivery person 1,006 Delivery vehicle Equipment depreciation 480 2,070 Rent 850 Miscellaneous 21,083 Total expense 12,887 Net operating income