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 per Month Cost per Cost per Delivery Pizza S 4. 50 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 6, 370 S 840 S 0.60 $3. 40 1.50 S 860 584 2, 330 S 960 0. 10 In November, the pizzeria budgeted for 2,250 pizzas at an average selling price of $22 per pizza and for 210 deliveries Data concerning the pizzeria's actual results in November appear below: Actual Results Pizzas Deliveries 2, 350 190 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 52, 480 11, 350 6, 310 $ 1,000 $646 $1, 032 $584 $ 2, 330 $928 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.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Actual Results Planning Budget Pizzas 2,350 190 Deliveries Revenue $ 52,480 Expenses Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 11,350 6,310 1,000 646 1,032 584 2,330 928 Total expense 24,180 Net operating income $ 28,300