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 Pizza $ 5.00 cost per Delivery $ 6,250 $ 780 $ 1.00 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $2.80 $2.00 $ 800 $ 536 $2,210 $ 900 $ 0.10 In November, the pizzeria budgeted for 2,070 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November appear below: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 2,170 210 $ 35, 440 $ 10, 270 $ 6,190 $ 970 $ 588 $ 1,020 $ 536 $ 2,210 $ 892 Required: 1. Compute the revenue and spending 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 Revenue and Spending Variances For the Month Ended November 30 Actual Revenue and Spending Results Variances 2,170 210 Pizzas Deliveries Flexible Budget 2,170 2101 Revenue $ 35,440 $ 720F $ 34,720 Expenses: Pizza ingredients 10,270 Kitchen staff 6,190 Utilities 970 588 Delivery person Delivery vehicle 1,020 Equipment depreciation 536 Rent 2,210 Miscellaneous 892 Total expense Net operating income 22,676 12,764 $