Wagster Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for November was based on 2,400 meals. The diner's director has provided the following cost data to use in the budget: Expense Category Fixed Component Variable Component Per Month Per Meal The director has also provided the diner's statement of actual expenses for the month: Wagster Urban Diner Statement of Actual Activity for the Month Ended November Actual meals 2,700 Groceries Kitchen operations Administrative expenses Fundraising expenses Total expense 5,575 S 9,015 s 3,900 S 1.750 S 20,240 Required: Using the template provided, prepare a flexible budget performance report showing both the activity variances and the spending variances for each of the expenses and for total expenses for November. Label each variance as favorable (F) or unfavorable (U). Waester Urban Diner Flexible Budget Performance Report For the Month Ended November 30 Actual Spending or Flexible Activity orPlanning Results Variances U? Budget Variances U? Budget Total expense