Currently got confused with this question. Can someone teach me how to do this?

ework i Saved Help Save & Exit Submit Check my work 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 Planning Budget Budget Courses 4 Students 54 Revenue $ 49,300 Expenses: Instructor wages 10,920 Classroom supplies 17,850 Utilities 1,980 Campus rent 5,200 Insurance 2,340 Administrative expenses 3,586 Total expense 41,876 Net operating income $ 7,424