Milano Pizzo is a small neighborhood pizzeria that has a small area for in-storeoning as well as offering take-out and free home delivery services. The pizzeria's owner has determined that the shops two major cost driver-the number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below Pixed cost per Month Cost per Pit $410 Cost per Delivery 56,290 $ 0.20 Pina ingredients kitchen start Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous son 5820 $ 552 $2,250 5920 $ 0.1 In November, the pizzeria budgeted for 2,130 pizzes at an average selling price of $18 per pizza and for 250 deliveries Data concerning the pizzeria's actual results in November were as follows: PS Deliveries Nevenue Pita ingredients Kitchen staff ilities Delivery person Delivery vehicle Equipeent depreciation Rent Miscellaneous Actual Fesults 2,2.10 230 $ 40,00 $10.630 16,230 930 6.90 1,024 5 552 5 2.250 904 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 for favorable. "U" for unfavorable, and "None" for no effect.ezero variance). Input all amounts as positive values.) MILIO PIZZA Flexible Budget Performance Report For the Month Ended lavember 30 Revenue and Spending Flexible Variance Budget Activity Valances Actus Results 2.230 2001 Planning Budget P Drivers 10,000 10,630 0.250 60 690 Revenu Expenses Pich ingredients Kilchen Us Delivery person Delivery vehide Earn upreciation Run Misc Talege e operating name 1024 552 2.950 904 2.250 17.00 3 Milano Pizzo is a small neighborhood pizzeria that has a small area for in-storeoning as well as offering take-out and free home delivery services. The pizzeria's owner has determined that the shops two major cost driver-the number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below Pixed cost per Month Cost per Pit $410 Cost per Delivery 56,290 $ 0.20 Pina ingredients kitchen start Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous son 5820 $ 552 $2,250 5920 $ 0.1 In November, the pizzeria budgeted for 2,130 pizzes at an average selling price of $18 per pizza and for 250 deliveries Data concerning the pizzeria's actual results in November were as follows: PS Deliveries Nevenue Pita ingredients Kitchen staff ilities Delivery person Delivery vehicle Equipeent depreciation Rent Miscellaneous Actual Fesults 2,2.10 230 $ 40,00 $10.630 16,230 930 6.90 1,024 5 552 5 2.250 904 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 for favorable. "U" for unfavorable, and "None" for no effect.ezero variance). Input all amounts as positive values.) MILIO PIZZA Flexible Budget Performance Report For the Month Ended lavember 30 Revenue and Spending Flexible Variance Budget Activity Valances Actus Results 2.230 2001 Planning Budget P Drivers 10,000 10,630 0.250 60 690 Revenu Expenses Pich ingredients Kilchen Us Delivery person Delivery vehide Earn upreciation Run Misc Talege e operating name 1024 552 2.950 904 2.250 17.00 3