Sve s ER Exercise 9-6 (Algo) Working with More Than One Cost Driver (LO9-2, LO9-3, L09-5, LO9-6) 7 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. Dan concerning the company's cost formulas appear below 02 Fixed Cost per cost per cost per Month Coorie Student Instructor wages 12.00 Classroom polies $310 Utilities $1,220 $75 Campus rent 54.900 Insurance $ 2.100 Administrative expenses $ 3.900 $ 40 55 For example, administrative expenses should be $3.900 per month plus $40 percourse plus $5 per student. The company's sales should average $900 per student The company planned to run four courses with a total of 63 students, however, it actually on four courses with a total of only 57 students. The actual operating results for September wore as follows Actual Revenue $53,000 Instructor wages 11.00 Classroon supplies $ 19,300 Utilities 5 1.930 Campus rent $ 4,900 Insurance 5 2.24 Administrative expenses Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity wariances for September (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effecte, zero variance). Input al amounts as positive values.) Gourmand Cooking School Font Performance Report M Quotes 7. tomework Connect TANTO See Help Save & Homework #8 G Uwe Classroon supplies Utilities Campus rent Insurance Administrative expenses 7 . $ 19,380 $ 1,930 $ 4,900 $ 2.240 $ 3,801 0.7 points 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 effectie, zero variance), Input all amounts as positive values.) Book Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Budget Planning Budget Toforences 4 57 53.800 5 Courses Students Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Amministrative expenses Total expense Net operating income 11,000 19,360 1,930 4,900 2.240 3.801 43,251 10,549 $