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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 pizzerla's owner has determined that the shop has two major cost driversthe number of pizzas sold and the number of deliveries made. The pizzerla's cost formulas appear below: Fixed Cost per Month Cost per Pizza $ 4.40 cost per Delivery $6,350 $ 830 $ 0.50 Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous $3.30 $1.48 $ 858 $ 576 $2,310 $ 950 $ 0.25 In November, the pizzeria budgeted for 2,220 pizzas at an average selling price of $21 per pizza and for 200 deliveries. Data concerning the pizzeria's actual results in November appear below. Actual Results 2,320 $ 49,490 $11.178 6,290 Pizzas Deliveries Revenue Pizza ingredients Kitchen statt Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 995 594 $ $ $ $ 1,30 576 2,310 922 Required: 1. Compute the revenue and spending variances for the pizzeria for November (Indicate the effect of each varlance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Milano Pizza Revenue and Spending Variances For the Month Ended November 30 Actual Revenue and Spending Results Variances 2.320 1801 Flexible Budget 2.320 Pizzas Deliveries $ 49,490 11,170 6,290 995 504 Revenue Expenses: Pizza ingredients Kitchen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous Total expense Net operating income 1.030 $ 25,603

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