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 pizzerias owner has determined that the shop has two major cost driversthe number of pizzas sold and the number of deliveries made. Data concerning the pizzerias costs appear below:

	Fixed Cost per Month		Cost per Pizza		Cost per Delivery
Pizza ingredients			$	4.50
Kitchen staff	$	6,150
Utilities	$	730	$	0.50
Delivery person					$	3.30
Delivery vehicle	$	750			$	1.50
Equipment depreciation	$	496
Rent	$	2,110
Miscellaneous	$	850	$	0.25

In November, the pizzeria budgeted for 1,920 pizzas at an average selling price of $19 per pizza and for 180 deliveries.

Data concerning the pizzerias operations in November appear below:

	Actual Results
Pizzas		2,020
Deliveries		160
Revenue	$	39,050
Pizza ingredients	$	9,370
Kitchen staff	$	6,090
Utilities	$	945
Delivery person	$	528
Delivery vehicle	$	1,010
Equipment depreciation	$	496
Rent	$	2,110
Miscellaneous	$	862

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.)

Milano Pizza
Flexible Budget Performance Report
For the Month Ended November 30
	Actual Results	Revenue and Spending Variances			Flexible Budget	Activity Variances			Planning Budget
Revenue	$39,050
Expenses:
Pizza ingredients	9,370
Kitchen staff	6,090
Utilities	945
Delivery person	528
Delivery vehicle	1,010
Equipment depreciation	496
Rent	2,110
Miscellaneous	862
Total expense	21,411			0			0
Net operating income	$17,639			$0			$0