6 25 peints ellook Pr 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 Instructor vages Classroom supplies urance Administrative expe Fixed Coat per Cost per Cost per Month Course Student $2,950 $1,250 $5,000 $2,300 $3,900 For example, administrative expenses should be $3,900 per month plus $45 per course plus $6 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 54 students. The actual operating results for September were as follows: Instructor vages Classroom supplies Utilities Canpua rest Insurance Administrative expense Required: 51,660 $11,000 $19,210 $2,920 5,900 2,440 $ 3,978 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 "P" for favorable, "U" for unfavorable, and "None" for no effect (.e, zero variance). Input all amounts as positive values.) Help Save & Exit Submit Check my work Look int erences 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.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Courses Students Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income Actual Results 4 54 $ 51,660 11,080 17,210 2,020 5,000 2,440 3,878 41,628 $ 10,032 Flexible Budget Planning Budget 6 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: 25 points 03:19:56 eBook 01 Print References Instructor vages Classroom supplies Utilities Campus cent Insurance Administrative expenses Fixed Cost per Cost per Cost per Month Course Student $2,950 280 $1,250 5.90 $5,000 $2,300 $3,900 $ 45 For example, administrative expenses should be $3,900 per month plus $45 per course plus $6 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 54 students. The actual operating results for September were as follows: Actual $ 51,660 $11,080 17,210 Xevenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Required: $2,020 $5,000 $2,440 $3,878 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.) 45 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 (ie., zero variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report Courses Students Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income For the Month Ended September 30 Actual Results Flexible Budget Planning Budget 4 54 $ 51,660 $ 11,080 17,210 2,020 5,000 2,440 3,878 41,628 $ 10,032