Exercise 9-18 Working with More Than One Cost Driver [LO9-2, LO9-3, LO9-4, LO9-5] 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: Fixed Cost Cost per Cost per per Month Course Student $ 2,95e Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $290 $1,220 75 $ 4,700 $ 2,e0e $3,500 423 For example, administrative expenses should be $3,500 per month plus $42 per course plus $3 per student. The company's sales should average $880 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 60 students. The actual operating results for September appear below: Actual $ 51,660 $11,e80 $ 17,83e $ 1,93e $ 4,706e $ 2,148 $ 3,280 Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses