4 Exercise 9-18 Working with More Than One Cost Driver [LO9-2, LO9-3, LO9-4, LO9-5) 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 rur two courses in a month and have a total of 60 students enrolled in those two courses. Data concerning the company's cost formulas appear below 10 points Fixed Cost per Cost per Cost per Month $ 2,920 Instructor vages Classroom supplies $280 1,210 80 4,900 $2,300 $3,600 43 6 Campos rent For example, administrative expenses should be $3,600 per month plus $43 per course plus $6 per student. The company's sales should average $870 per student Tthe company plained terun fourceurtoes wit a total of co s tadenhwy non four corss with e total of only 5 students. The actual operating results for September appear below: Actual 49,300 10,960 s 16,650 s 1,940 $ 4,900 s 2,440 $ 3,558 Clasaroom supplies veilities Campus rent Insurance 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.) 10 oints Prepare a flexible budget perf variance). Input all amounts as positive values.) Flexible Budget P 49,300 1940 40.448 8.852