CH 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 driversthe number of pizzas sold and the number of deliveries made. The pizzeria's cost formulas appear below: Fixed Cost per Month Cost per Pizza Cost per Delivery $ 4.80 $5,990 $ 650 $0.70 Pizza ingredients Kitchen Starr Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ $3.50 $1.90 670 $ 432 $1,950 $ 770 $ 0.10 In November, the pizzeria budgeted for 1,680 pizzas at an average selling price of $19 per pizza and for 180 deliveries. C In November, the pizzeria budgeted for 1,680 pizzas at an average selling price of $19 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November appear below. Pizzas Deliveries Actual Results 1, 780 160 Revenue Pizza ingredients Kitchen Staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 34, 410 $ 7,930 $ 5,930 $ 905 $ 560 $ 994 $ 432 S 1,950 $ 814 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.) Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results 1,780 Planning Budget Pizzas Deliveries 160 Revenue $ 34,410 Expenses: Pizza ingredients Kitchen staff Utilities 7,930 5,930 905 560 Delivery person Delivery vehicle Equipment depreciation 994 432 Rent 1,950 814 Miscellaneous Total expense Net operating income 19,515 14,895 $