Chapter 9 Homework ad Help 2 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 62 students enrolled in those two courses, Data concerning the company's cost formulas appear below 25 points eBook Instructor wages Classroon supplies utilities Campus rent Insurance Administrative expenses Fixed Cost Cost per cost per per month Course Student $ 2,910 $ 270 $1,240 $ 65 $4,600 $ 2,200 $3,300 $ 44 $ References For example, administrative expenses should be $3,800 per month plus 544 per course plus $3 per student. The company's sales should average $880 per student The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 58 students. The actual operating results for September appear below Revenue Instructor wages Classroon supplies Utilities Campus rent Insurance Ainistrative expenses Actual $ 51,660 $ 10,920 $ 16,590 $ 1,910 54,600 $ 2,340 53,586 S Chapter 9 Homework 2 Required: 1. Prepare the company's planning budget for September 2. Prepare the company's flexible budget for September 3. Calculate the revenue and spending variances for September 25 points Complete this question by entering your answers in the tabs below. elook References Required 1 Required 2 Required 3 Required 1 Required 2 Required 3 Prepare the company's planning budget for September Gourmand Cooking School Planning Budget For the Month Ended September 30 Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 0 $ 0 Sav. T 9 Homework Required 1 Required 2 GOOD Required 3 Prepare the company's flexible budget for September. Gourmand Cooking School Flexible Budget For the Month Ended September 30 k ces Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 0 Required 1