Cate 9 Homework Save C 1 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 Instructor was classroom upplier Utilities Campus rent Turan Administrative expenses Find cout per cost per Coat per Course student 52,960 5200 $1,210 5 34.900 $2,200 63,00 5 For example, administrative expenses should be $3,800 per month plus $41 per course plus $5 per student. The company's soles should average $880 per student The company planned to run four courses with a total of 63 students: however, it actually ran four courses with a total of only 55 students. The actual operating results for September were as follows: Havenue Teatructor wages Classroom upplies Actual $52,540 $11, 120 $ 17,490 $ 1.340 4,900 2,340 6), 705 Campus cont Insurance Misistrative expenses 1 Request Prepare a feble budget performance report that shows both revenue and spending variances and stories Sex See indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and one for effect variance Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Endad September 10 Flexible Actual Result Budget 4 Cones Sunt 55 $ 52,540 Revenge Expenses Instructor wager Classroom supplies Uties Campus rent Insurance Administrative expertises Total expense Net operating income 11.120 17,490 1.840 4,900 2,340 3,705 41,395 11,145 $