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: Cost per Delivery Fixed Cost Cost per per Month Pizza $ 4.30 $6,110 $ 710 $ 0.30 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.10 $1.30 $ 730 $ 480 $2,070 $ 830 $ 0.15 In November, the pizzeria budgeted for 1,860 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actuat Results Piano Deliveries 220 Revenue Pizza ingrediente Kitchen start Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 33,970 $ 9,010 $ 6,050 $ 935 $ 682 $ 1,006 $ 480 5 2,070 S 850 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 Planning Budget Actual Results 1.960 220 Pizzas Deliveries $ 33.970 Revenue Expenses Pizza ingredients Kitchen staff 9,010 6,050 Utilities 935 682 1,006 Delivery person Delivery vehicle Equipment depreciation Rent 480 2,070 850 Miscellaneous Total expense 21,083 12,887 Net operating income $