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 Cost per Pizza $ 4.70 cost per Delivery $5,970 $ 640 $ 0.60 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.40 $1.80 $ 660 $ 424 $1,930 $ 760 $ 0.06 In November, the pizzeria budgeted for 1,650 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 1,750 230 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 32,080 $ 7,750 $ 5,910 900 782 992 424 $ 1,930 808 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.) Actual Results 1,750 230 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Flexible Budget 1,750 230 Pizzas 1 Planning Budget 1 ,650 250 Deliveries $ 32,080 Revenue Expenses: 7,750 Pizza ingredients Kitchen staff Utilities 5,910 900 782 Delivery person Delivery vehicle Equipment depreciation Rent 992 424 I 1,930 808 19,496 12,584 Miscellaneous Total expense Net operating income $