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 Pizza ingredients Cost per Pizza $ 4.00 Cost per Delivery Kitchen staff $ 6,050 Utilities Delivery person $ 680 $ 1.00 $ 700 $ 2.80 $ 2.20 Equipment depreciation Rent $ 456 $ 2,010 $ 800 $ 0.20 Delivery vehicle Miscellaneous In November, the pizzeria budgeted for 1,770 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Actual Results 1,870 190 $ 26,800 $ 8,470 Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 5,990 $920 $ 532 $ 1,000 $ 456 $ 2,010 $ 832 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. Note: 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 Revenue and Spending Actual Results Variances 1,870 190 $ 26,800 Flexible Budget Activity Variances Planning Budget Expenses: Pizza ingredients 8,470 Kitchen staff 5,990 Utilities 920 Delivery person 532 Delivery vehicle 1,000 Equipment depreciation 456 Rent 2,010 Miscellaneous 832 Total expense 20,210 0 0 Net operating income $ 6,590 $ 0 $ 0