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 $ 4.40 Delivery Kitchen staff Utilities $ 5,910 $ 610 $ 0.30 Delivery person $ 3.10 Delivery vehicle $ 630 $ 1.50 Equipment depreciation Rent $ 400 $ 1,870 Miscellaneous $ 730 $ 0.15 In November, the pizzeria budgeted for 1,560 pizzas at an average selling price of $15 per pizza and for 220 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Revenue Kitchen staff Actual Results 1,660 200 $ 25,450 Pizza ingredients $ 7,210 $ 5,850 Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Required: $ 885 $ 620 $ 986 $ 400 $ 1,870 $ 790 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 Actual Results 1,660 200 $ 25,450 Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Revenue Expenses: Pizza ingredients 7,210 Kitchen staff 5,850 Utilities 885 Delivery person 620 Delivery vehicle 986 Equipment depreciation 400 Rent 1,870 Miscellaneous 790 Total expense 18,611 0 0 Net operating income $ 6,839 $ 0 $ 0