ne Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in s budgeting and performance reports-the number of courses and the total number of students. For example, the school might run wo courses in a month and have a total of 65 students enrolled in those two courses. Data concerning the company's cost formulas ppear below Instructor wages classroom supplies Utilities Campus rent Asurance Administrative expenses Fixed Cost per cout per cost per Month Course Student $ 2,920 $ 270 $1,230 $ 80 $5,000 $2,000 $3,700 46 For example, administrative expenses should be $3,700 per month plus $46 per course plus 54 per student. The company's sales should average $860 per student The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 61 students. The actual operating results for September were as follows: avenue Instructor wages Classroom supplies Utilities Campus rent Insurance Ministrative expenses Actual $53,000 $10.960 $17,400 1,960 $5.000 52.140 $3.570 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). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Flexible Budget Planning Budget 4 Courses Students 61 $ 53,000 4 Revenue Expenses Instructor wages Classroom supplies Utilities Camous on Insurance Administrative expenses Total pense Net operating income 10.900 17.400 1,000 5.000 2140 3.570 41.030 11.570 $