Exercise 9-18 Working with More Than One Cost Driver LO9-4, 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 60 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost Cost per Cost per per Month Course Student 2,950 Instructor wages 300 Classroom supplies Utilities 1,220 55 Campus rent 4,500 Insurance 2,000 Administrative expenses 4,000 42 5 For example, administrative expenses should be $4,000 per month plus $42 per course plus $5 per student. The company's sales should average $900 per student. The actual operating results for September appear below: Actual 51,100 Revenue Instructor wages 11,080 17,850 Classroom supplies Utilities 1,850 Campus rent 4,500 Insurance 2,140 Administrative expenses 3,894 Required: 1. The Gourmand Cooking School expects to run four courses with a total of 60 students in September. Complete the company's planning budget for this level of activity