Brofit vocational school. The school bases its budgets on two measures of activity (ie., cost drivers), namely student and course. The school uses the following data in its budgeting: Revenue Faculty wages Course supplies Administrative expenses Variable Fixed element element per Variable element per per month student se 50 $ 213 course $ 0 $ 0 $ 0 $ 35 $ 2,930 $23 $ 25,650 $ 10 $.35 In March, the school budgeted for 1,740-students and 71 courses. The school's income statement showing the actual results for the month appears below: Actual students Actual courses Revenue Expenses: Faculty wages Roberds Tech Income Statement For the Month Ended March 31 Course supplies Administrative expenses Total expense Net operating income 1,640 74 $ 326,340 206,450 54,090 45,562 306,102 $ 20,238