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: Fixed Cost per Month Cost per Cost per Pizza Delivery $ 4.50 $6,370 $ 840 $ 0.60 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.40 $1.50 $ 860 $ 584 $2,330 $ 960 $ 0.10 In November, the pizzeria budgeted for 2,250 pizzas at an average selling price of $22 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 2,350 190 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 52,480 $ 11,350 $ 6,310 $ 1,000 $ 646 $ 1,032 $ 584 $ 2,330 $ 928 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 Flexible Budget Actual Results 2,350 Planning Budget Pizzas Deliveries 190 Revenue $ 52,480 $ 780 Expenses: Pizza ingredients 11,350 Kitchen staff 6,310 Utilities 1,000 Delivery person 646 1.032 Delivery vehicle Equipment depreciation Rent 584 2,330 Miscellaneous 928 Total expense Net operating income 24,180 28,300 $