Check 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 61 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost per Cost per Cost per Month Course Student $2,900 $ 270 $1,210 $ 60 $4,800 $2,300 $3,600 $ $ 5 For example, administrative expenses should be $3,600 per month plus $44 per course plus $5 per student. The company's sales should average $900 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 59 students. The actual operating results for September appear below. ces Revenue Instructor vages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 52,000 $ 10,880 $ 16,320 $ 1,860 $ 4,800 $ 2,440 $ 3,507 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