Carnes Tech is a for-profit vocational school. the school bases its budgets on two measures of activity (i.e. cost drivers), namely student and course. THe school uses the following data in its budgeting:

........................................................Fixed element per month............Variable element per student.........Variable element per course

Revenue...................................................$0.................................................$428...............................................$0

Faculty wages..........................................$0...................................................$0..................................................$2,700

Course Supplies.......................................$0...................................................$77................................................$47

Administrative expenses..........................$45,200...........................................$14...............................................$24

.

In February, the school budgeted for 1,570 students and 143 courses. THe actual activity for the month was 1,370 students and 145 courses.

Required:

Prepare a report showing the scool's activity variances for February. Label each variance as favorable (F) or unfavorable (U).