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: Cost per Fixed Cost per Month Pizza $ 4.60 Cost per Delivery $6,170 $ 740 $ 0.60 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.40 $1.60 $ 760 $ 504 $2,130 $ 860 $ 0.20 In November, the pizzeria budgeted for 1,950 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: Actual Results 2,050 170 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 41,680 $ 9,550 $ 6,110 950 s 578 s s 504 2,130 $ 868 1,012 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 2,050 Planning Budget Pizzas Deliveries 170 $ 41,680 Revenue Expenses: Pizza ingredients 9,550 Kitchen staff 6,110 Utilities 950 Delivery person 578 1,012 Delivery vehicle Equipment depreciation Rent 504 2,130 Miscellaneous 868 21,702 Total expense Net operating income $ 19,978