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: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Fixed Cost Cost per cost per per Month Pizza Delivery $ 4.90 $6,230 $ 770 $ 0.90 $2.70 $ 790 $1.90 $ 528 $ 2,190 $ 890 $ 0.20 In November, the pizzeria budgeted for 2,040 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 2,140 200 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 32,810 $ 10,090 $ 6,170 $ 965 $ 540 $ 1,018 $ 528 $ 2,190 $ 886 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 Actual Results Flexible Budget Planning Budget 2,140 Pizzas Deliveries 200 Revenue 32,810 Expenses: Pizza ingredients 10,090 6,170 Kitchen staff Utilities 965 Delivery person 540 Delivery vehicle 1,018 Equipment depreciation 528 Rent 2,190 Miscellaneous 886 22,387 Total expense Net operating income $ 10,423