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 number of deliveries made. The pizzeria's cost formulas appear below: Fixed Cost per Pizza Cost per Delivery Cost per Month Pizza ingredients Kitchen staff 4.00 $6,050 $ 680 $ 1.00 Utilities Delivery person Delivery vehicle Equipment depreciation $2.80 $2.20 700 456 $2,010 $ 800 Rent $ 0.20 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 appear below Actual Results 1,870 190 Pizzas Deliveries $ 26,800 $ 8,470 5,990 920 532 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation $ 1,000 $ 456 $ 2,010 Rent Miscellaneous 832 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.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Results Planning Budget Flexible Budget Pizzas 1,870 Deliveries 190 Revenue 26,800 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 Net operating income $ 6,590