The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposes$$the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of $65$ students enrolled in those two courses. Data concerning the company$$s cost formulas appear below:

Fixed Cost per Month Cost per Course Cost per Student

Instructor wages $ $2,940$

Classroom supplies $ $280$

Utilities $ $1,220$ $ $55$

Campus rent $ $4,500$

Insurance $ $2,000$

Administrative expenses $ $4,000$ $ $45$ $ $4$

For example, administrative expenses should be $$4,000$ per month plus $$45$ per course plus $$4$ per student. The company$$s sales should average $$880$ 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 $57$ students. The actual operating results for September were as follows:

Actual

Revenue $ $54,300$

Instructor wages $ $11,040$

Classroom supplies $ $18,050$

Utilities $ $1,850$

Campus rent $ $4,500$

Insurance $ $2,140$

Administrative expenses $ $3,866$

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.