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 Pizza $ 4.20 Cost per Delivery $6,090 $ 700 $ 0.20 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.00 $1.20 $ 720 $ 472 $2,050 $ 820 $ 0.10 In November, the pizzeria budgeted for 1,830 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November appear below: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 1,930 210 $ 31,520 $ 8,830 $ 6,030 930 $ 630 $ 1,004 472 $ 2,050 $ 844 usunun Required: 1. Compute the revenue and spending variances for the pizzeria for November. (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Milano Pizza Revenue and Spending Variances For the Month Ended November 30 Actual Revenue and Spending Results Variances 1,930 210 Flexible Budget 1,830 230 Pizzas Deliveries $ 31,520 Revenue Expenses: Pizza ingredients Kitchen staff 8,830 6,030 930 Utilities 630 1,004 472 2,050 Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 844 20,790 10.730 $