Check my work 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 62 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Classroon supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost per cost per cost per Month Course Student $ 2,960 $290 $1,230 $ 55 $4,900 $2,200 $4,000 $ 40 For example, administrative expenses should be $4,000 per month plus $40 per course plus $7 per student. The company's sales should average $860 per student. The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below. Revenue Instructor wages classroom supplies Utilities Campus rent Insurance Administrative expenses hatual $ 50,420 $ 11,120 $ 17,830 $ 1,860 $ 4.900 $ 2,340 $ 4,020 wong was Wan REW mapter 09 Pre-Built Problems Saved Upgrade to macos Mojave Get Dark Mode, Stacks, new apps and a new Mac App Store Check my work The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below: Dints Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $50, 420 $ 11, 120 $ 17,830 $ 1,860 $ 4,900 $ 2,340 $ 4,020 eBook Print References 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the revenue and spending variances for September. (Indicate the effect of each variance by selecting F or favorable, "U" for unfavorable, and None" for no effect (i.e., zero variance). Input all amounts as positive values.) Gourmand Cooking School Revenue and Spending Variances