Question is worth 30 points. Variances can be expressed as a positive or negative number, whichever makes the most sense to you. Scoring will be based on the amount of the variance and whether it is favorable or u Not every space on the grid will have an answer. or unfavorable Rose's Yoga Studio offers various yoga classes in downtown Henderson. Management has identified two cost drivers to use in its budgeting and performance reports the number of classes and the number of students. For example, the studio might offer 40 classes in a month, with each class having a total of 15 students per class. Each class costs an average of $55. Data concerning the studio's cost formulas appear below Instructor wages Studio supplies Utilities Rent Insurance Fixed Cost per Month Cost per Class Cost per Student 110 15 1,200 35 4,500 Administrative expenses 2,000 1,500 8 The studio planned to run 40 classes with a total of 600 students. However, it actually ran 40 classes with a total of 525 students. The cost per class The actual operating results for June are below: Rose's Yoga Studio Flexible Budget Performance Report For the Month Ended June 30 Revenue & Flexible Activity Planning Actual Spending U/F U/F Budget Variances Budget Variances Class Students 40 525 Revenue 30,000 Expenses: Instructor wages 4,000 Studio supplies 8,000 Utilities 3,200 Rent 4,500 Insurance 1,850 Administrative expense 2,500 Total expenses 24,050 Net operating income 5,950