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: Fixed Cost per Month Cost per Pizza $ 3.80 cost per Delivery $ $ 5,220 630 $ 0.95 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 3.50 $ 1.50 $ $ $ $ 540 275 1,830 820 $ 0.15 In November, the pizzeria budgeted for 1,200 pizzas at an average selling price of $13.50 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November appear below: Pizzas Deliveries Actual Results 1,240 174 $ 17,420 $ 4,985 $ 5,281 984 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous A GA GA GA GA GA GA GA 609 655 275 1,830 954 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.) Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Variances Budget 1,240 174 Activity Variances Planning Budget Actual Results 1,240 174 Pizzas 1,200 180 Deliveries i Revenue $ 17,420 1 $ 16,740 Expenses Pizza ingredients Kitchen staff Utilities 4,985 5,281 984 609 655 275 Delivery person Delivery vehicle Equipment depreciation Rent 1,830 Miscellaneous Total expense Net operating income 954 15,573 1,847 $ $ 16,740