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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 Cost per cost per per Month Pizza Delivery Pizza ingredients $ 4.00 Kitchen staff $6,050 Utilities $ 680 $ 1.00 Delivery person $2.80 Delivery vehicle $ 700 $2.20 Equipment depreciation $ 456 Rent $2,010 Miscellaneous $ 800 $ 0.20 In November, the pizzeria budgeted for 1770 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,870 198 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 26,800 $ 8,470 $5.990 $ 920 $ 532 $ 1.000 $ 456 $ 2,01e 5 832 Required: Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity varices 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 Flexible Budget Planning Budget Puzas Deliveries Actual Results 1,870 190 $ 26.800 Revenue Expertos Pizza ingredients Kitchen staff 8.470 5,990 920 Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 532 1.000 456 2,010 0 Total expense Net operating income 832 20,210 6,690 0 0 $ 0 $ $

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