Exercise 9.6 (Algo) Working with More Than One Cost Driver [LO9-2, LO9-3, LO9-5, LO9-6] The Gourmand Coolving School runs short cooking courses at as small campus. Management has identified Wwo cost divers it uses in is budgeting and performance reports-the number of cousses and the totat number of students. For exaliple, the schooi might run two courses in a month and have a total of 65 students ensolled in those two courses. Data conceming the company's cost formulas appear below For example, administrative expenses should be $3,500 per month plus $41 per course plus $6 per student The compuny's sales should average $890 per student: The comparty planned to run four courses with a total of 65 students; however, it actually ran four courses with a tocal of only 5 ? students. The actual operating results for September were as follows Required: Prepare if flexible budget performance report that shows both revenue and spending variances and activity varionces for Septembec. varionce). Input all omounts as positive values.) The company planned to run four courses with a total of 65 students, however, if actually can four courses with a total of only 57 students. The actual operating results for September were as follows. RevequeInstriactorwegesClossroomsuppliesUtilitiesCanpusrentInsuranceAdeinistrativeexpensesActual$54,950$21,080$20,000$2,010$4,600$2,440$3,450 Required: Prepare a llexible budget performance report that shows both revenue and spending variances and activity variances for September (indicote the effect of each voriance by selecting "F" for fovoroble, "U" for unfovoroble, ond "None" for no effect (i.e., zero variance). Input all omounts as positive volues.)