Check my work 4 Fixed Cost per Cost per Cost per Month Course Student $ 2,920 $ 270 $1,230 $ 80 $4,700 $2,200 $3,800 $ 42 $ 5 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses 0.16 points eBook For example, administrative expenses should be $3,800 per month plus $42 per course plus $5 per student. The company's sales should average $870 per student. Print The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 57 students. The actual operating results for September were as follows: References Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $50,170 $ 10,960 $ 16,320 $ 1,960 $ 4,700 $ 2,340 $ 3,699 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 Actual Results Flexible Budget Planning Budget 4 Courses Students 57 $ 50,170 Revenue Expenses: Instructor wages Classroom supplies 10,960 16,320 1 nen