Check my work 1 Exercise 9-12 Working with More Than One Cost Driver [L09-1, LO9-2, L09-3] 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 month and have a total of 61 students enrolled in those two courses. Data concerning the company's cost formulas 1.66 points two courses in appear below Fixed r Cost per Cost per eBook Month Course Student Instructor wages Classroom supplies 2,940 S 300 70 Print $5,100 nt $2,200 Inaurance Administrative expenses $3,500 5 41 References For example, administrative expenses should be $3,500 per month plus $41 per course plus $5 per student. The company's sales should average $880 per student The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 55 students. The actual operating results for September appear below: Actual $50,780 $11,040 $ 18,150 1,920 Revenue Instructor wages Classroom supplies Utilities ampus rent s 3,395 Administrative expenses Required 1. Prepare the company's planning budget for September. Check my work 1 Required: 1. Prepare the company's planning budget for September. 2. Prepare the company's flexible budget for September. 3. Calculate the revenue and spending variances for September. 1.66 polnts Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 eBook Prepare the company's planning budget for September Print Gourmand Cooking School Planning Budget For the Month Ended September 30 References Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense 0 $ Net operating income 1 Required: 1. Prepare the company's planning budget for September. 2. Prepare the company's flexible budget for September. 3. Calculate the revenue and spending variances for September. 1.66 points Complete this question by entering your answers in the tabs below. Required 2 Required 1 Required 3 eBook Prepare the company's flexible budget for September. Print Gourmand Cooking School Flexible Budget For the Month Ended September 30 References Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense $ Net operating income 0 Ch 1 3. Calculate the revenue and spending variances for September. Complete this question by entering your answers in the tabs below. 1,66 points Required 1 Required 2 Required 3 Calculate the revenue and spending 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.) eBook Gourmand Cooking School Revenue and Spending Variances Print For the Month Ended September 30 Flexible Budget Actual Results Revenue and Spending Variances References Courses 4 Students 55 Revenue 50,780 Expenses: Instructor wages 11,040 Classroom supplies 18,150 Utilities 1,920 Campus rent 5,100 Insurance 2,340 Administrative expenses 3,395 Total expense 41,945 Net operating income 8,835