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 Pizza $ 4.40 Cost per Delivery per Month $6,130 $ 720 $ 0.40 $3.20 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $1.40 $ 740 $ 488 $ 2,090 $ 840 $ 0.20 In November, the pizzeria budgeted for 1,890 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,990 230 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 36,480 $ 9,190 $ 6,070 $ 940 $ 736 $ 1,008 $ 488 $ 2,090 $ 856 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 1,990 Planning Budget Pizzas Deliveries 230 Revenue $ 36,480 Expenses: Pizza ingredients Kitchen staff 9,190 6,070 Utilities 940 Delivery person 736 Delivery vehicle 1,008 Equipment depreciation 488 Rent 2,090 Miscellaneous 856 Total expense 21,378 15,102 Net operating income $