Fixed Cost per Month Cost per Cost per Student Course $ 2,919 $300 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $ 80 $ $ $ $ 1,210 5,200 2,200 3,700 $ $ 7 For example, administrative expenses should be $3,700 per month plus $46 per course plus $7 per student. The company's sales should average $870 per student The company planned to run four courses with a total of 63 students, however, it actually ran four courses with a total of only 57 students. The actual operating results for September appear below: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 51,910 $ 10,920 $ 18,759 $ 1,940 $ 5,200 $ 2,340 $ 3,751 (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Revenue and Flexible Spending Variances Budget Activity Variances Planning Budget Courses 4 Students 57 Revenue $ 51,910 10,920 18,750 1,940 Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 5,200 2,340 3,751 42,901 9,009 $