2 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 62 students enrolled in those two courses. Data concerning the company's cost formulas appear below: 10 Fixed Cost Cost per per Month points eBook Instructor wages Classroom supplies Utilities Campus rent Course $ 2,920 Cost per Student $ 290 $ 1,220 $ 75 $5,200 Insurance Print Administrative expenses $ 2,100 $3,600 $ 40 $ 4 References For example, administrative expenses should be $3,600 per month plus $40 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 62 students; however, it actually ran four courses with a total of only 60 students. The actual operating results for September appear below: Actual Revenue $ 51,660 Instructor wages $ 10,960 Classroom supplies $ 17,830 Utilities $ 1,930 Campus rent Insurance Administrative expenses $ 5,200 $ 2,240 $ 3,434