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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 pizzerias cost formulas appear below: Fixed Cost Cost per per Month Cost per Pizza $ 4.90 Delivery $6,010 $ 660 $ 0.80 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $2.60 $2.00 $ 680 $ 440 $1,970 $ 780 $ 0.10 In November, the pizzeria budgeted for 1,710 pizzas at an average selling price of $20 per pizza and for 190 deliveries. Data concerning the pizzeria's actual results in November were as follows: Actual Results 1,810 170 Pizzas Deliveries Revenue Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $ 36,800 $ 8,110 $ 5,950 $ 910 $ 442 $ 996 $ 440 $ 1,970 $ 820 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 1,810 Deliveries 170 Revenue $ 36,800 Expenses: Pizza ingredients 8,110 Kitchen staff 5,950 Utilities 910 Delivery person 442 Delivery vehicle 996 Equipment depreciation 440 Rent 1,970 Miscellaneous 820 Total expense 19,638 0 0 Net operating income $ 17,162 0 $ 0