Question: Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. (Indicate

Required: 1. Complete the flexible budget performance report that shows both revenue

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.) Pizzas Deliveries Actual Results 1,780 160 $ 34,410 Revenue Expenses: Pizza ingredients 7,930 Kitchen staff 5,930 Utilities 905 Delivery person 560 Delivery vehicle 994 Equipment depreciation 432 Rent 1,950 Miscellaneous 814 Total expense 19,515 Net operating income $ 14,895 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget

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