How would I solve the following problem: A Gourmet School runs short cooking classes at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reportsthe number of classes and the total number of students. For example, the school might run two classes in a month and have a total of 90 students enrolled in those two classes. Data concerning the company's cost formulas appear below:

Fixed Cost Per Month Cost Per Class Cost Per student

Instructor wages ----- $2,960 --------

Classroom supplies ----- ----- $280

Utilities $1240 $80 -------

Campus rent $4600 ---- --------

Insurance $2,200 ----- ------

Administrative expenses $3,800 $42 $3

Administrative expenses should be $3,800 per month plus $42 per classplus $3 per student. The company's sales should average $950 per student.

The schoolplanned to run 4 classes with a total of 90 students; however, it actually ran 4 classes with a total of only 88 students. The actual operating results for October appear below:

Actual

Revenue $92,400

Instructor wages $11,120

Classroom supplies $25,050

Utilities $1,970

Campus rent $4,600

Insurance $2,340

Administrative expenses $3,664

How much was the School's flexible budget net operating income for October?