Exercise 9-18 Working with More Than One Cost Driver (LO9-2, LO9-3, L09-4, LO9-5] 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 60 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost Cost per cost per per Month Course Student $ 2,950 $260 $1,230 55 $4,700 5.2.300 $ 42 $ 6 For example, administrative expenses should be $3.600 per month plus $42 percourse plus $6 per student. The company's sales should average $880 per student. The company planned to run four courses with a total of 6D students, however, it actually ran fout courses with a total of only s6 students. The actual operating results for September appear below: Revenue Instructor wages Classroom supplies utilities Carent Insurance Administrative expenses Actual $ 49,900 $11.990 $ 15,450 $1,650 4.700 $ 2,60 $3,550 ate the errector each var Tor untavorable and None Tornozero by selecting ariance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Budget Planning Budget 4 Courses Students 56 $ 49.900 Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11 200 15.450 1.860 4,700 2.440 3.554 39 204 10 596 S