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 Cost per Pizza Delivery Pizza ingredients) $ 4.30 Kitchen staff Utilities Delivery person Delivery vehicle $ 6,110 $ 710 $ 0.30 $ 730 $ 3.10 $ 1.30 Equipment depreciation : $ 480 $ 2,070 $ 830 $ 0.15 Rent Miscellaneous In November, the pizzeria budgeted for 1,860 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria's actual results in November appear below: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Actual Results 1,960 2201 $ 33,970 $ 9,010 Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 6,050 $ 935 $ 682 $ 1,006 $ 480 $ 2,070 $850 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.) 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.) Pizzas Deliveries Revenue Milano Pizza Revenue and Spending Variances For the Month Ended November 30 Actual Results Revenue and Spending Variances Flexible Budget 1,960) 220 $ 33,970 $ 3,320 Expenses: Pizza ingredients Kitchen staff 9,010 6,050 Utilities 935 Delivery person 682 Delivery vehicle 1,006 Equipment depreciation 480 Rent 2,070 Miscellaneous 850 Total expense 21,083 Net operating income $ 12,887