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 Cost per Cost per Delivery per Month Pizza $ 5.00 $ 6,250 $ 780 $ 1.00 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 2.80 $ $ 2.00 $ 800 $ 536 $ 2,210 $ 900 $ 0.10 In November, the pizzeria budgeted for 2,070 pizzas at an average selling price of $16 per pizza and for 230 deliveries. Data concerning the pizzeria's actual results in November were as follows: Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Actual Results 2,170 210 $ 35,440 $ 10,270 $ 6,190 $ 970 $ 588 $ 1,020 $ 536 $ 2,210 $ 892 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 Actual Flexible Results Budget 2,170 Planning Budget Pizzas Deliveries 210 Revenue $ 35.440 Expenses Pizza ingredients 10,270 6,190 Kitchen staff Utilities 970 Delivery person 588 1,020 Delivery vehicle Equipment depreciation 536 Rent 2,210 Miscellaneous 892 Total expense 22,676 Net operating income $ 12.764