Help Save & Che 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 64 students enrolled in those two courses Data concerning the company's cost formulas appear below Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost Cost per cost per per Month Course Student $ 2,950 $290 $1,240 5 65 $4,800 $ 2,100 53,700 $ 43 For example, administrative expenses should be $3,700 per month plus $43 per course plus $5 per student. The company's sales should average $890 per student The company planned to run four courses with a total of 64 students, however, it actually ran four courses with a total of only 54 students. The actual operating results for September were as follows Revenue Instructor wages Classroon supplies Utilities Campus rent Insurance Administrative expenses Actual $ 54,060 $ 11,050 $ 18,410 $ 1,910 $ 4,800 $ 2,240 53,618 Prov 1 of 3 Next > tch o O BA 54F AGE Che 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 unfavorable, and "None" for no effectie., zero variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Budget Courses Students Planning Budget 4 54 $ 54,060 Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses 11.080 18.410 1,910 4.800 2 240 3,618 ANEO Proy 1 of 3 Next >