er 9 Exercises Help Save 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 50 students enrolled in those two courses. Data concerning the company's cost formulas appear below: ok Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Pixed Cost per cost per cost per Month Course Student $ 3,080 $260 $ 870 $ 130 $ 4,200 $ 1.890 $ 3,270 $ $ 4 nt ences For example, administrative expenses should be $3,270 per month plus $15 per course plus $4 per student. The company's sales should average $800 per student The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. The actual operating results for September appear below: Revenue Instructor wages Classroon supplies Utilities Campus rent Insurance Administrative expenses Actual $ 32,400 $ 9,080 5 8,540 $ 1.530 $ 4,200 $ 1,890 $ 3,790 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 ster 9 Exercises Saved Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the company's planning budget for September. Gourmand Cooking School Planning Budget For the Month Ended September 30 ook int Revenue ences Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income Required 2 > Prex 7 of 10 Next > Complete this question by entering your answers in the tabs Required 1 Required 2 Required 3 Prepare the company's flexible budget for September. Gourmand Cooking School Flexible Budget For the Month Ended September 30 ok ht nces Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income