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 per Month Cost per Pizza $ 4.30 cost per Delivery $5,890 $ 600 $ 0.20 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.00 $1.40 $ 620 $ 392 $1,850 $ 720 $ 0.10 ces In November, the pizzeria for 1.530 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Actual Results 1,630 190 Revenue Pizza ingredients Xitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 23,360 $ 7,030 $ 5,830 $ 880 $ 570 $ 984 392 $ 1,850 $ 784 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 1,630 Planning Budget Pizzas Deliveries 190 $ 23,360 Revenue Expenses: Pazza Ingredients Kitchen staff 7.030 5,830 880 Utilities 570 984 392 Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 1.850 784 18,320 5,040 $