Module M3b - CP6 Homework Problem: Flexible Budgeting with more than one cost driver The Gourmand Cooking School runs ahort cooking courses at its small campus. Management has idectted the cest onvers it uves in As budpeting and pertormance reports - the number of ceures and the total number of atuderts For exampie, he school might rum two courses in a mocth and hwe a lotal of 50 shodents enroled in frose har cosrses. bats concerning fhe company'i cost formulas appear below For example. adminktrative expenses should be $3.270 ger month plus $15 per coume phus \$4 per thenent The compuny saies shouid average 5500 per student The company planned to fun three courses wth a total of 45 thodents bewever, at achualy ran three courtes uith a tstal of only 42 students. The actual operatng retults for Soptember appear beipur Reguired: Prepare a fecobin budgt performance report that shows both revenue and apencing varances and actity variances for September, (lndicate the effect of esch variance by selecting "f" for fovorable, "Wr" for antaverable, and "Mooe" for no efflect (Le.4 zero variance) input all amounts as positive vatues.)