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 Cost per Cost per per Month Pizza ingredients Pizza $ 4.00 Delivery Kitchen staff Utilities $ 6,270 $ 790 $ 0.10 Delivery person $ 2.90 Delivery vehicle $ 810 $ 2.10 Equipment depreciation Rent $ 544 $ 2,230 $ 910 $ 0.05 Miscellaneous In November, the pizzeria budgeted for 2,100 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Revenue Kitchen staff Actual Results 2,200 220 $ 38,130 Pizza ingredients $ 10,450 $ 6,210 Utilities Delivery person $ 975 $ 638 Delivery vehicle Equipment depreciation Rent Miscellaneous $ 1,022 $ 544 $ 2,230 $ 898 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.) Pizzas Deliveries Revenue Actual Results 2,200 220 $ 38,130 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget Planning Budget Expenses: Pizza ingredients 10,450 Kitchen staff 6,210 Utilities 975 Delivery person 638 Delivery vehicle 1,022 Equipment depreciation 544 Rent 2,230 Miscellaneous 898 Total expense 22,967 0 0 Net operating income $ 15,163 $ 0 $ 0