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 63 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Classroom supplies Utilities Fixed Cost per Cost per Cost per Month Course $2,940 Student $300 $1,240 $ 85 Campus rent Insurance $5,100 $2,200 Administrative expenses $4,000 $ 45 $ 4 For example, administrative expenses should be $4,000 per month plus $45 per course plus $4 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 59 students. The actual operating results for September were as follows: Revenue Instructor wages Actual $51,910 $ 11,040 Classroom supplies $ 18,750 Utilities $ 1,990 Campus rent Insurance Administrative expenses $ 5,100 $ 2,340 $ 3,858 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance) Innut all amounts as nocitive values \