Linda is a principal of a school which provides education and accommodation for students. The school secretary prepared the following summary of costs for 2016, including a column showing the original budget for 2016 The School cost analysis 2016 budget 2016 actual Number of students 200 180 Fixed costs $ 60,000 $64,000 Utilities Janitorial services 40,000 38,000 Repairs and maintenance Salaries for non-convent employees 32,000 28,000 190,000 180,000 312,000 Total fixed costs 320,000 Variable costs 920,000 Food 1000,000 Clothing Laundry & Linen Service 90,000 82,000 25,000 30,000 Educational costs 60,000 52,000 Allowances 50,000 48,000 Total variable costs 1,127,000 1,230,000 Total Costs 1,542,000 1,447,000 Linda is pleased that total costs were below budget for the year, but she wonders if this is partly due to the fact that the school enrolled fewer children than expected for the year Required (1) Prepare a flexible budget for 2016, based on the number of children actually enrolled in 2016 (2) Should Linda be satisfied with the school's cost management in 2016? Explain