– 9 oz short noodles of choice – 1 tbsp olive oil – 2 tbsp butter – 2 tbsp flour – 1 1/2 cups milk, divided – 1/4 tsp black pepper – 1 cup cubed cheddar cheese – 2 cups prepared chili – 10 strips bacon, cooked – 1/4 cup Panko bread crumbs – 1/2 tsp paprika