Exercise 9-6 (Algo) Working with More Than One Cost Driver [LO9-2, LO9-3, LO9-5, LO9-6] 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: Fixed Cost per Cost per Cost per Instructor wages Classroom Utilities supplies Campus rent Insurance Administrative expenses Month Course Student $2,940 $300 $1,250 $ 85 $4,500 $2,100 $3,700 $ 40 $ 6 For example, administrative expenses should be $3,700 per month plus $40 per course plus $6 per student. The company's sales should average $900 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 54 students. The actual operating results for September were as follows: