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 Month Pizza ingredients Cost per Pizza $ 5.00 Cost per Delivery Kitchen staff $ 6,030 Utilities Delivery person $ 670 $ 0.90 $ 2.70 Delivery vehicle $ 690 $ 2.10 Equipment depreciation Rent $ 448 $ 1,990 Miscellaneous $ 790 $ 0.15 In November, the pizzeria budgeted for 1,740 pizzas at an average selling price of $13 per pizza and for 200 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,840 Pizzas Deliveries Revenue Kitchen staff 180 $ 24,530 Pizza ingredients $ 8,290 $ 5,970 Utilities Delivery person $ 915 $ 486 $ 998 $ 448 $ 1,990 $ 826 Delivery vehicle Equipment depreciation Rent Miscellaneous 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 variance). Input all amounts as positive values.) RALLICH ALBI Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 915 $ 486 $ 998 $ 448 $ 1,990 $ 826 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 (l.e., zero variance). Input all amounts as positive values.) Pizzas Deliveries Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Results Flexible Budget Planning Budget 1,840 180 $ 24,530 Revenue Expenses: Pizza ingredients 8,290 Kitchen staff 5,970 Utilities 915 Delivery person 486 Delivery vehicle 998 Equipment depreciation 448 Rent 1,990 Miscellaneous 826 Total expense 19,923 0 0 Net operating income $ 4,607 $ 0 $ 0