all of these are correct besides the numbers under the activity variance (2900, 720, 150, 410, 140, 574, 894, 2006 are all wrong)

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 65 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost Cost per per Month Course $ 2,980 Cost per Student $ 270 $ 90 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $1,220 $ 4,700 $ 2,300 $ 3,800 44 $ 5 For example, administrative expenses should be $3,800 per month plus $44 per course plus $5 per student. The company's sales should average $860 per student. The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 59 students. The actual operating results for September were as follows: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 53,000 $ 11,200 $ 17,400 $ 1,990 $ 4,700 $ 2,440 $ 3,727 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.) 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.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Revenue and Flexible Actual Results Spending Variances Budget Activity Variances Planning Budget Courses 4 4 Students 59 59 65 S 53,000 $ 2,260 F S 50,740 $ 2,900U $ 55,900 11,200 11,920 17,550 1,580 Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 17.400 1,990 4,700 2,440 720 F 1,470U 410U O None 140U 544 F 756 U 1,504 F 11,920 72010 15,930 150 F 1,580 410 F 4,700 O None 2,300 1401 4,271 574 F 40,701 894 F $ 10,039 $ 2,006 U 3,727 41,457 11,543 4,700 2,300 4,301 42,351 13,549 S $ S