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. The pizzeria's cost formulas appear below: Fixed Cost per Month Cost per Pizza $ 4.50 Cost per Delivery $ 6,150 $ 730 $ 0.50 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 3.30 $ 1.50 $ 750 $ 496 $ 2, 110 $ 850 $ 0.25 In November, the pizzeria budgeted for 1,920 pizzas at an average selling price of $19 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Actual Results 2020 160 Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 39,050 $ 9,370 $ 6,090 $ 945 $ 528 1,010 496 2,110 862 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 2,020 Planning Budget Pizzas Deliveries 160 Revenue $ 39,050 Expenses Pizza ingredients Kitchen staff 9,370 6,090 Utilities 945 528 Delivery person Delivery vehicle Equipment depreciation 1,010 496 Rent 2,110 862 Miscellaneous Total expense Net operating income 21,411 $ 17,639