$ 65 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 63 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed cost per cost per cost per Month Course Student Instructor wages $ 2,960 Classroon supplies $ 30e Utilities $ 1,230 Campus rent 14,900 Insurance $2,200 Administrative expenses $ 3.800 $ 41 S6 For example, administrative expenses should be $3,800 per month plus $41 per courte plus $6 per student. The company's sales should average $880 per student The company planned to run four courses with a total of 63 students, however, a adusly ran tour counes with a total of only 65 students. The actual operating results for September were as follows Actual Reve $ 52.540 Instructor wages $ 11,120 Classroon supplies 5 10.750 Utilities $ 1,900 Campus rent 14,900 Insurance $2,340 Administrative expenses $3,768 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September Undicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le.zero varianco). Input all amounts as positive values.) Gourmand Cooking Schoul 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 effectie, rero variance). Input all amounts as positive values.) Gourmand Cooking licheal Flexible Budget Performance Report For the Month Ended September 30 Revenue and Flexie Actuate Spending Variances Budget Activity Variances Planning Budget 4 55 52.540 S Courses Students Revenge Expenses Instructor wages Classroom supplies Uutis Campus font Insurance Administrative expenses Totale per inf operating in 11,120 18,750 1.000 4.800 2,340 376 42.778 2762 14 Next >