Exercise 9-18 Working with More Than One Cost Driver ILO9-4, LO9-5] The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers that 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 63 students enrolled in those two courses. Data concerning the companys cost formulas appear below: Fixed Cost Cost per Cost per per Month Course Student $300 1,220 s 60 4.800 2000 3800 46 6 For example, administrative expenses should be $3.900 per month plus $46 per course plus $6 per student. The company's sales should average $900 per student. The actual operating results for September appear below: Actual $53.800 11000 18,750 1870 4.800 3 888 Required: The Gourmand Cooking School expects to run four courses with a total of 63 students in September. Complete the company's planning budget for this level of activity. the Month Ended September Net operating income