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 Cost per Cost per per Month Pizza ingredients Pizza $ 3.80 Delivery Kitchen staff $ 5,220 Utilities $ 630 $ 0.05 Delivery person Delivery vehicle $ 540 $ 3.50 $ 1.50 Equipment depreciation Rent $ 275 $ 1,830 Miscellaneous $ 820 $ 0.15 In November, the pizzeria budgeted for 1,200 pizzas at an average selling price of $13.50 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Revenue Actual Results 1,240 174 $ 17,420 Pizza ingredients $ 4,985 Kitchen staff $ 5,281 Utilities Delivery person $ 984 $ 609 $ 655 $ 275 Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 1,830 $ 954 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.) Pizzas Deliveries Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Results Flexible Budget Planning Budget 1,240 174 $ 17,420 Revenue Expenses: Pizza ingredients 4,985 Kitchen staff 5,281 Utilities 984 Delivery person 609 Delivery vehicle 655 Equipment depreciation 275 Rent 1,830 Miscellaneous 954 Total expense 15,573 Net operating income 1,847