TB Problem Qu. 9-402 Roberds Tech is a for-profit vocational... Roberds Tech is a for-profit vocational school. The school bases its budgets on two measures of activity e. cost drivers), namely student and course. The school uses the following data in its budgeting Tixed element Variable element variable element per month per student per course Revente $ 243 Taculty vagon 0 $ 0 $2,990 Course nupple $ 0 # 41 Ministrative expens $25,950 # 41 6.54 329 In March, the school budgeted for 1,800 students and 77 courses. The schools income statement showing the actual results for the month appears below Roberdo Tech Thoone tatuant For the Month Inded Mar 31 retual studenta 1,700 Actual ou 80 Revenue 3356,340 Txpenses Yaoulty wages 209,450 Cour supplies 53.090 Ministrative expenses 15562 Total expo 224.102 Het operating income $32,236 Required: Prepare a flexible budget performance report showing both the schools activity variances and revenue and spending variances for March Label coch variance on favorable (For unfavorable (U) indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect [l ... zero variance), Input all amounts os positive values.) Robere Tech ble Budget Performance uport Expenses Faculty vagen Course supplies Administrative expenses Total expertise Bet operating income 209,450 57,090 52,562 324,102 $ 32,238 Required: Prepare a flexible budget performance report showing both the school's activity variances and revenue and spending variances for March. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting *F* for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values.) Roberds Tech Flexible Budget Performance Report For the Month Ended March 31 Actual Revenue and Flexible Results Spending Variances Budget Activity Variances Planning Budget 1.700 80 1.700 30 1.800 77 Students Courses Ravenue Experses Faculty was Course supplies Administra To bene Net operating income