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 Pizza ingredients Cost per Pizza $ 4.40 Cost per Delivery Kitchen staff Utilities $ 5,910 $ 610 $ 0.30 Delivery person Delivery vehicle $ 630 $ 3.10 $ 1.50 Equipment depreciation $ 400 $ 1,870 $ 730 $ 0.15 Rent Miscellaneous In November, the pizzeria budgeted for 1,560 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Actual Results 1,660 200 $ 25,450 Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 7,210 $ 5,850 $ 885 $ 620 $ 986 $ 400 $ 1,870 $ 790 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 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Results Flexible Budget Planning Budget 1,660 200 $ 25,450 $ 730 F 2,200 220 $ 37,400 $ 2,100 240 1,700 F $ 35,700 Expenses: Pizza ingredients 7,210 1,650 U 8,800 400 U 8,400 Kitchen staff 5,850 60 F 6,270 0 None 6,270 Utilities 885 35 F 1,010 10 U 1,000 Delivery person 620 0 None 638 58 F 696 Delivery vehicle 986 250 F 1,272 42 F 1,314 Equipment depreciation 400 0 None 544 0 None 544 Rent 1,870 0 None 2,230 0 None 2,230 Miscellaneous 790 122 F 1,020 5 U 1,015 Total expense 18,611 1,183 U 21,784 315 U 21,469 Net operating income $ 6,839 $ 453 U $ 15,616 $ 1,385 F $ 14,231