Show me the steps to solve Item$3$

Item $3$

Rizzio Tech is a for$-$profit vocational school. The school bases its budgets on two measures of activity $($i$.$e$.,$ cost drivers$),$ namely student and course. The school uses the following data in its budgeting:

Fixed element per month Variable element per student Variable element per course

Revenue $ $0$ $ $446$ $ $0$

Faculty wages $ $0$ $ $0$ $ $2,320$

Course supplies $ $0$ $ $81$ $ $29$

Administrative expenses $ $58,500$ $ $20$ $ $31$

In September, the school budgeted for $1,840$ students and $179$ courses. The actual activity for the month was $2,050$ students and $185$ courses.Rizzio Tech is a for$-$profit vocational school. The school bases its budgets on two measures of activity $($i$.$e$.,$ cost drivers$),$ namely student

and course. The school uses the following data in its budgeting:

In September, the school budgeted for $1,840$ students and $179$ courses. The actual activity for the month was $2,050$ students and $185$

courses.

Required:

Prepare the school's planning budget for September.