Use the information below to prepare a flexible budget performance report:

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 65 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 Instructor wages 5 2,9?6 Classroom supplies 5 286 Utilities 5 1,226 5 50 Campus rent 5 5,166 Insurance 5 2,666 Administrative expenses 5 3,966 5 42 5 4 For example, admlnistrative expenses should be $3,900 per month plus $42 per course plus $4 per student The company's sales should average $860 per student. The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 59 students. The actual operating results for September appear below: Actual Revenue 5 53,666 Instructor wages 5 11,156 Classroom supplies 5 13,356 Utilities 5 1,3?9 Campus rent 5 5,166 Insurance 5 2,146 Administrative expenses 5 3,?54 l