5 Exercise 9-18 Working with More Than One Cost Driver (LO9-2, LO9-3, LO9-4, LO9-5) 20 points The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports--the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 61 students enrolled in those two courses. Data concerning the company's cost formulas appear below 04:19:12 Fixed Cost Cost per per Month Course $ 2,960 Cost per Student eBook $ 270 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $ 55 $1,210 $ 5,100 $2,200 $3,900 Print $ 40 $ 4 References For example, administrative expenses should be $3.900 per month plus $40 per course plus $4 per student. The company's sales should average $870 per student The company planned to run four courses with a total of 61 students, however, it actually rari four courses with a total of only 55 students. The actual operating results for September appear below. Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 50,170 $ 11,120 $ 16,320 $ 1,840 $ 5,109 $ 2,340 $ 3,730 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero MC Graw LO Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (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.) 20 points 04:10:10 Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Flexible Budget Planning Budget eBook Courses 4 Students 55 Print $ 50.170 References Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11.120 16,320 1,840 5,100 2,340 3,730 40,450 9,720 S 5 Exercise 9-18 Working with More Than One Cost Driver (LO9-2, LO9-3, LO9-4, LO9-5) 20 points The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports--the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 61 students enrolled in those two courses. Data concerning the company's cost formulas appear below 04:19:12 Fixed Cost Cost per per Month Course $ 2,960 Cost per Student eBook $ 270 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $ 55 $1,210 $ 5,100 $2,200 $3,900 Print $ 40 $ 4 References For example, administrative expenses should be $3.900 per month plus $40 per course plus $4 per student. The company's sales should average $870 per student The company planned to run four courses with a total of 61 students, however, it actually rari four courses with a total of only 55 students. The actual operating results for September appear below. Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 50,170 $ 11,120 $ 16,320 $ 1,840 $ 5,109 $ 2,340 $ 3,730 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero MC Graw LO Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (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.) 20 points 04:10:10 Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Flexible Budget Planning Budget eBook Courses 4 Students 55 Print $ 50.170 References Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11.120 16,320 1,840 5,100 2,340 3,730 40,450 9,720 S