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: Cost per Cost per Delivery Pizza $4.80 Fixed Cost per Month Pizza ingredients Kitchen staff $5,990 Utilities $ 650 Delivery person Delivery $ 670 vehicle Equipment $ 432 depreciation Rent $1,950 Miscellaneous $ 770 $0.70 $3.50 $1.90 $0.10 In November, the pizzeria budgeted for 1,680 pizzas at an average selling price of $19 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November appear below: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 1,780 160 $34,410 $ 7,930 $ 5,930 $ 905 $ 560 $ 994 $ 432 $ 1,950 $ 814 Required: 1. Compute the revenue and spending 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 Revenue and Spending Variances For the Month Ended November 30 Actual Revenue and Flexible Results Spending Variances Budget 1,780 160 Pizzas Deliveries $ 34,410 Revenue Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 7,930 5,930 905 560 994 432 1,950 814 19,515 $ 14,895