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 pizzerias owner has determined that the shop has two major cost driversthe number of pizzas sold and the number of deliveries made. Data concerning the pizzerias costs appear below:

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. Data concerning the pizzeria's costs appear below: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Fixed Cost Cost per Cost per per Month Pizza Delivery $ 4.30 $ 6, 110 $ 710 $0.30 $ 3.10 $ 730 $ 1.30 $ 480 $ 2,070 $ 830 $0.15 In November, the pizzeria budgeted for 1,860 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria's operations in November appear below: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 1,960 220 $33,970 $ 9,010 $ 6,050 $ 935 $ 682 $ 1,006 $ 480 $ 2,070 $ 850 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 Revenue and Spending Flexible Variances Budget Activity Variances Actual Results $ 33,970 Planning Budget Revenue Expenses: Pizza ingredients Kitchen staff Utilities 9,010 6,050 935 682 Delivery person Delivery vehicle Equipment depreciation 1,006 Rent Miscellaneous Total expense Net operating income 480 2,070 850 21,083 12,887 0 $