The court Cooking School tun short cooking courses at its small campus Management has identified two cost drivers it uses in the ting and formance reports the number of courses and the total number of students. For example, the school might run two comes in a month and have a total of 62 students enrolled in those two courses Data concerning the company's cost formats blow 2. 520 51. $100 $2,200 $4,000 For example, administrative expenses should be $1,000 per month plus 544 per course plus $5 per student. The company's sales should average $900 per student The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 58 students. The actual operating results for September were as follows: Revenue Instructor wages Classe supplies Utilities Cans rent Tnsurance Ainistrative expenses Actual $ 52,900 $ 11,120 $.17.210 $ 1,970 55,100 $ 2,140 $ 3,912 Required: Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for Septembe (Indiente the effect of each variance by selecting "" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Flexible Budget Planning Budget 4 Courses Students 58 S 52.900 Revenue Expenses instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11,120 17,20 1970 5.100 2340 3,912 41 652 11.248 S Prey 1 of 3 Next > its budgeting and performance reports--the number of courses and the tot two courses in a month and have a total of 62 students enrolled in those tu appear below: Cost per Fixed Cost Cost per per Month Course $ 2,960 Student $ 280 $ 80 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $ 1,240 $ 5,100 $ 2,200 $ 4,000 $ 44 $ 5 For example, administrative expenses should be $4,000 per month plus $44 should average $900 per student The company planned to run four courses with a total of 62 students; howeve students. The actual operating results for September were as follows: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 52,900 $ 11,120 $ 17, 210 $ 1,970 $ 5,100 $ 2,340 $ 3,912