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 63 students enrolled in those two courses. Data conceming the company's cost formulas appear below: For example, administrative expenses should be $3,600 per month plus $45 per course plus $6 per student. The company's sales should average $880 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 61 students. The actual operaung results for September were as follows: Required: Prepare a fexable 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 (l.e., zero variance). Input all amounts as positive values.) two courses in a month and have a total of 63 students enrolled in those two courses. Data conceming the company's cost formulas appear below: For example, admanistrative expenses should be $3,600 per month plus $45 per course plus $6 per student. The company's sales should average $880 per student. The company planned to run four courses with s total of 63 students, however, it actually ran four courses with a total of only 61 students. The actual operating results for September were as follows: Required: Prepare a flexibie budget performance report that shows both revenue and spending vanances and activity variances for September. (Indlcate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (L.e., zero verience), Input all omounts os positlve volues.) 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 63 students enrolled in those two courses. Data conceming the company's cost formulas appear below: For example, administrative expenses should be $3,600 per month plus $45 per course plus $6 per student. The company's sales should average $880 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 61 students. The actual operaung results for September were as follows: Required: Prepare a fexable 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 (l.e., zero variance). Input all amounts as positive values.) two courses in a month and have a total of 63 students enrolled in those two courses. Data conceming the company's cost formulas appear below: For example, admanistrative expenses should be $3,600 per month plus $45 per course plus $6 per student. The company's sales should average $880 per student. The company planned to run four courses with s total of 63 students, however, it actually ran four courses with a total of only 61 students. The actual operating results for September were as follows: Required: Prepare a flexibie budget performance report that shows both revenue and spending vanances and activity variances for September. (Indlcate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (L.e., zero verience), Input all omounts os positlve volues.)