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 Cost per Delivery Cost Pizza $ 4.40 $ 0.50 per Month Pizza ingredients Kitchen staff Utilities Delivery pers Delivery vehicle Equipment depreciation Rent Miscellaneous $6,350 $ 830 $3.30 $1.40 on $ 850 $ 576 $2,310 $ 950 $ 0.25 In November, the pizzeria budgeted for 2,220 pizzas at an average selling price of $21 per pizza and for 200 deliveries Data concerning the pizzeria's actual results in November appear below: Actual Results 2,320 180 Pizzas Deliveries $49,490 $ 11,170 $ 6,290 $995 594 $ 1,030 576 $ 2,310 922 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 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 Actual Results Flexible Budget Planning Budget 2,320 Pizzas 180 Deliveries $ 49,490 Revenue Expenses 11,170 6,290 995 594 1,030 576 2,310 922 23,887 $ 25,603 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income