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 Cost per Delivery Pizza per Month Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 4.10 $6, 290 $ 0.20 2$ 800 $3.00 $2.20 2$ 820 $ 552 $2,250 $ 920 $ 0.10 In November, the pizzeria budgeted for 2,130 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 2,230 230 $ 40,880 $ 10,630 $ 6,230 980 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 2$ 690 24 1,024 552 2$ 2,250 2$ 904 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 Revenue and Spending Variances Actual Results Flexible Budget Pizzas 2,230 Deliveries 230 Revenue 40,880 Expenses: Pizza ingredients 10,630 6,230 Kitchen staff Utilities 980 Delivery person 690 Delivery vehicle 1,024 Equipment depreciation 552 Rent 2,250 904 Miscellaneous Total expense 23,260 Net operating income 17,620