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.

The pizzerias cost formulas appear below:

Fixed Cost Cost per Cost per Delivery Pizza per Month Pizza ingredients Kitchen staff $ 4.70 $5,970 $ 0.60 Utilities 640 Delivery person Delivery vehicle Equipment depreciation $3.40 $1.80 660 424 $1,930 Rent Miscellaneous $0.06 760 In November, the pizzeria budgeted for 1,650 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results Pizzas 1,750 230 Deliveries 32,080 7,750 5,910 Revenue Pizza ingredients Kitchen staff Utilities 900 Delivery person Delivery vehicle Equipment depreciation 782 $ 992 424 Rent 1,930 Miscellaneous 808 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 pos itive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Results Flexible Planning Budget Budget Pizzas 1,750 Deliveries 230 32,080 Revenue Expenses: Pizza ingredients 7,750 Kitchen staff 5,910 Utilities 900 Delivery person 782 992 Delivery vehicle Equipment depreciation 424 1,930 Rent Miscellaneous 808 Total expense 19,496 12,584 Net operating income