11:16 AM Thu Nov 17 in eztotmheducationtcom Chapter 09 Pre-Built Problems 0 Saved Help Save & Exit Submit Check my work 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 reportsthe 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 10 appear below: points Fixed Cost per Cost per Cost per El Month Course Student Instructor wages $2,960 eBOOk Classroom supplies $300 Utilities $1,220 $ 80 Campus rent $4,600 Prim Insurance $2, 100 Administrative expenses $3,600 $ 41 $ 4 l E References For example, administrative expenses should be $3,600 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 62 students; however, it actually ran four courses with a total of only 56 students. The actual operating results for September were as follows: Actual Revenue $ 52, 280 Instructor wages $11,120 Classroom supplies $18,450 Utilities $ 1,950 Campus rent $ 4,600 Insurance $ 2,240 Administrative expenses $ 3,438 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (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.) 11:16 AM Thu Nov 17 i eztomheducationtcom Chapter 09 Pre-Built Problems 0 Saved Help Save & Exit Submit Check my work Revenue $ 52, 280 1 Instructor wages $11,120 Classroom supplies $18,450 Utilities $ 1, 950 Campus rent $ 4, 600 10 Insurance $ 2,240 points Administrative expenses $ 3,438 i El Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. eBk (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.) E! Print Tl References Courses Students Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income