4 10 DO 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 60 students enrolled in those two courses. Data concerning the company's cost formulis appear below Fixed Cost per cost per cost pe Month Cardent That Worwages $7,970 Classroon supplies $300 Ulti 31,250 10 Ce rent 34,600 Trance 92.200 Administrative expenses $3.500 44 00:30 For example, administrative expenses should be $3,500 per month plus $44 per course plus 54 per student. The company's sales should average 5890 per student The company planned to run four courses with a total of 60 students, however it actually can four course with a total of only sa students. The actual operating results for September appear below AL evenue $59.500 Teatructor 10,960 Classes 017,950 1,140 4.690 TAB 1 2.340 Administrative 3,342 EISLE CM cent 4 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 (.e., zero variance). Input all amounts as positive values.) 10 points Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Budget 33360 Planning Budget Courses Students 4 58 $ 50.500P Revenge Expenses Instructor wages Classroom supplies 10.900 17.850 1,940 4.600 2.340 3.342 Campus rent Insurance Administrative expenses Total expense Net operating income 41,032 9.468 $