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Exercise 9-6 (Algo) Working with More Than One Cost Driver [LO9-2, LO9-3, LO9-5, LO9-6] The Gourmand Cooking School runs short cooking courses at its small
Exercise 9-6 (Algo) Working with More Than One Cost Driver [LO9-2, LO9-3, LO9-5, LO9-6] 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. For example, administrative expenses should be $3.600 per month plus $44 per course plus $4 per student. The company's sales should average $860 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 55 students The actual operating results for September were as follows: Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each varionce by selecting "F" for favorable. "U" for unfovoroble, ond "None" for no effect (i.e., zero voriance). Input all omounts os positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30
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