Exercise 9-12 Working with More Than One Cost Driver (L09-1, L09-2. L09-3) The Gourmand Cooking School runs short cooking courses at its small campus Management Identitied two cont drivers it uses in its budgeting and performance reports the number of courses and the toto number of students. For example, the school might run two courses in a month and have a total of 64 students enrolled in those two courses. Dota concerning the company's cost form. appear below Fixed Cost per cost per cost per Month Course student $2.970 5280 $1.250 185 $4,600 52100 53.900 3 45 Instructor wages Classroon supplies Utilities Campus rent Insurance Administrative expenses BE For example, administrative expenses should be $3,900 per month plus $45 per course plus $4 per student. The company's sales should average $850 per student. The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 54 students. The actual operating results for September appear below: Actual Revenue $51,500 Instructor wages $11.160 Classroom supplies $ 17,770 nnn Nayt Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $51.500 $11.160 $17.770 $ 2.000 $4,600 $ 2.240 $ 3.762 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the revenue and spending variances for September. (Indicate the effect of each variance by selecting 'F' for favorable, 'U' for unfavorable, and "None' for no effect (le, zero variance). Input all amounts as positive values) Gourmand Cooking School Revenue and Spending Variances Calculate the revenue and spending variances for September (indicate the effect of ench variance by selecting for favorito unfavorable, and "None for no effect (ezero variance). Input all amounts as positive values Gourmand Cooking School Revenue and Spending Variances For the Month Ended September 30 Actual Revenue and Spending Results Variances 4 Flexible Budget Courses Students 54 $ 51,500 11,160 17.770 2,000 4,600 Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 2,240 3,762 41,532 9,968 $ Next >