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, Fred Cost Cost per Dista 5.4.40 Cost per Delivery per Month $ 6,130 5220 $ 0.40 Pizda Ingredients Kitchen Staft Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 53.20 $1.00 5740 5498 $2,090 5840 50:20 In November the pizzeria budgeted for 1,890 piezas at an average selling price of $18 per pizza and for 250 deliveries Data concerning the pizzeria's actual results in November appear below Actual Results 1.90 230 Deliveries Reven PL Ingredients Kitchen start util Delivery person Delivery vehicle Equipe depreciation $ 5 36,400 .190 5.070 9:40 730 1.000 5 2,10 050 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 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 Flexiblo Budget Performance Report For the Month Ended November 30 Floxible Budget Planning Budget Actual Results 1,990 230 Pizzas Deliveries $ 36 480 9.190 6,070 9.00 736 Revenue Expenses Pizza ingredients Kitchen start Uutis Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Netoprating income 1008 488 2090 856 21,378 15,102