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: Cost per Pizza Cost per Delivery $4.30 Fixed Cost per Month Pizza ingredients Kitchen staff $6,330 Utilities 820 Delivery person Delivery $ 840 vehicle Equipment $ 568 depreciation Rent $2,290 Miscellaneous $ 940 $0.40 $3.20 $1.30 $0.20 In November, the pizzeria budgeted for 2,190 pizzas at an average selling price of $20 per pizza and for 190 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 2,290 170 $ 46,560 $ 10,990 $ 6,270 $ 990 $ 544 $ 1,028 $ 568 $ 2,290 $ 916 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.) 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 2,290 170 Pizzas Deliveries $ 46,560 Revenue Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 10,990 6,270 990 544 1,028 568 2,290 916 23,596 $ 22,964