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: Costa Cost per per Delivery Pizza $4.70 Fixed Cost per Month Pizza ingredients Kitchen staff $6,190 Utilities $ 750 Delivery person Delivery $ 770 vehicle Equipment $ 512 depreciation Rent $2,150 Miscellaneous $ 870 $0.70 $3.50 $1.70 1250 $0.10 $0.10 In November, the pizzeria budgeted for 1,980 pizzas at an average selling price of $13 per pizza and for 200 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 2,080 180 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $27,730 $ 9,730 $ 6,130 $ 955 $ 630 $ 1,014 $ 512 $ 2,150 $ 874 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.) 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 Flexible Budget Performance Report For the Month Ended November 30 Actual Flexible Results Budget 2,080 180 Planning Budget Pizzas Deliveries $ 27,7301 Revenue Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 9,730 6,130 955 630 1,014 512 2,150 874 21,995 $ 5,735