The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two...

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The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposes-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 64 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Fixed Cost per Cost per Cost per Month Course $ 2,940 Student Classroom supplies $ 270 Utilities $ 1,210 $ 70 Campus rent $ 5,100 Insurance $ 2,100 Administrative expenses $ 3,900 $ 41 $ 4 For example, administrative expenses should be $3,900 per month plus $41 per course plus $4 per student. The company's sales should average $890 per student. The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 60 students. The actual operating results for September were as follows: Revenue Instructor wages Actual $ 54,060 $ 11,040 Classroom supplies $ 17,130 Utilities $ 1,900 Campus rent $ 5,100 Insurance $ 2,240 Administrative expenses $ 3,746 Required: Prepare a flexible budget performance report for September. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Courses Student Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 4 4 4 GA The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposes-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 64 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Fixed Cost per Cost per Cost per Month Course $ 2,940 Student Classroom supplies $ 270 Utilities $ 1,210 $ 70 Campus rent $ 5,100 Insurance $ 2,100 Administrative expenses $ 3,900 $ 41 $ 4 For example, administrative expenses should be $3,900 per month plus $41 per course plus $4 per student. The company's sales should average $890 per student. The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 60 students. The actual operating results for September were as follows: Revenue Instructor wages Actual $ 54,060 $ 11,040 Classroom supplies $ 17,130 Utilities $ 1,900 Campus rent $ 5,100 Insurance $ 2,240 Administrative expenses $ 3,746 Required: Prepare a flexible budget performance report for September. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Courses Student Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget 4 4 4 GA