ter 09 Homework Help 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 65 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages classroom supplies Ulities Campus rent Insurance Administrative expenses Pixed Cost per cost per cost per Month Course Student $ 2,960 $300 $1,230 $ 55 $5,100 $2,100 $3,800 $ 43 Book For example, administrative expenses should be $3,800 per month plus $43 per course plus $4 per student. The company's sales should average $870 per student. rences The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 59 students. The actual operating results for September appear below. Revenue Instructor wages classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 53,650 $ 11, 120 $ 19, 350 $ 1.860 $ 5.100 $ 2,240 $ 3,658 Required: 1. Prepare the company's planning budget for September 2. Prepare the company's flexible budget for September 3. Calculate the revenue and spending variances for September Complete this question by entering your answers in the tabs below Chapter 09 Homework i Saved Required: 1. Prepare the company's planning budget for September 2. Prepare the company's flexible budget for September 3. Calculate the revenue and spending variances for September. points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 eBook Prepare the company's planning budget for September. Print Gourmand Cooking School Planning Budget For the Month Ended September 30 References Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income Graw Chapter 09 Homework i Saved Required: 1. Prepare the company's planning budget for September 2. Prepare the company's flexible budget for September. 3. Calculate the revenue and spending variances for September. points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 eBook Prepare the company's flexible budget for September. Print Gourmand Cooking School Flexible Budget For the Month Ended September 30 References Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income Chapter 09 Homework Required 1 Required 2 Required 3 points Calculate the revenue and spending variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Gourmand Cooking School Revenue and Spending Variances For the Month Ended September 30 Actual Revenue and Spending Results Variances Flexible Budget Print Courses Students 59 References Revenue $ 53,6507 Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11,120 19,350 1,860 5,100 2.240 3,658 43,328 10,3227 $
