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: Cost per Delivery Fixed Cost Cost per per Month Pizza $ 4.30 $ 6,330 $ 820 $ 0.40 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.20 $1.30 $ 840 $ 568 $2,290 $ 940 $ 0.20 In November, the pizzeria budgeted for 2,190 pizzas at an average selling price of $20 per pizza and for 190 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 2,290 170 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 46,560 $ 10,990 $ 6,270 $ 990 $ 544 $ 1,028 $ 568 $ 2,290 $ 916 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 Flexible Budget Actual Results 2.290 Planning Budget Pizzas Deliveries 170 $ 46,560 Revenue Expenses: Pizza ingredients Kitchen staff 10,990 6,270 Utilities 990 Delivery person 544 1,028 Delivery vehicle Equipment depreciation Rent 568 2,290 916 Miscellaneous Total expense Net operating income 23,596 $ 22,964