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.

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.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Flexible Planning Results Budget Budget Pizzas 1,240 Deliveries 174 Revenue 17,420 Expenses: Pizza ingredients 4,985 Kitchen staff 5.281 Utilities 384 Delivery person 609 Delivery vehicle 655 Equipment depreciation 275 Rent 1,830 Miscellaneous 954 Total expense 15,573 0 Net operating income $ 1,847 $ 0