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: Cost per Pizza Cost per Delivery $ 4.30 $0.20 Fixed Cost per Month Pizza ingredients Kitchen staff $5,890 Utilities $ 600 Delivery person Delivery $ 620 vehicle Equipment depreciation 392 Rent $ 1,850 Miscellaneous $ 720 $3.00 $1.40 $0.10 In November, the pizzeria budgeted for 1,530 pizzas at an average selling price of $14 per pizza and for 210 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 1,630 190 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 23,360 $ 7,030 $ 5,830 $ 880 570 $ 984 $ 392 $ 1,850 $ 784 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 1,630 190 Planning Budget Pizzas Deliveries $ 23,360 7,030 5,830 880 570 Revenue Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 984 392 1,850 784 18,320 $ 5,040