The pizzeria's cost formulas appear below: Fixed Cost per Month Cost cost per per Delivery Pizza Pizza ingredients Kitchen staff $5,990 Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 770 $0.10 $4.80 $ 650 $0.70 $ 670 $ 432 $1,950 $3.50 $1.90 In November, the pizzeria budgeted for 1,680 pizzas at an average selling price of $19 per pizza and for 180 deliveries. Data concerning the pizzeria's actual results in November appear below: Actual Results 1,780 160 Pizzas Deliveries $34,410 Pizza ingredients $ 7,930 5,930 $ 905 $ 560 Revenue Kitchen staff Utilities Delivery person Delivery vehicle$ Equipment depreciation Rent Miscellaneous $432 $ 1,950 $ 814 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 Results Flexible Budget Planning Budget Pizzas Deliveries 1,780 160 Revenue 34,410 Expenses Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment 7,930 5,930 905 560 994 432 depreciation Rent Miscellaneous 1,950 814 19,515 Total expense Net operating income 14,895