The Gourmand Cooking School runs shart 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 vag classroom supplies Utiliti Administrative expense rised Coat pe Coat per Course Student 300 $3,250 13,100 For example, administrative expenses should be $3,700 per month plus $45 per course plus $4 per student. The company's sales should everage $890 per student The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 61 students. The actual operating results for September appear below Classroom suppli Mtoal $34,956 $19,358 1,900 4.900 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 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 netrter wages Classroom supplie Camp rent Administrative Fixed Cost M Coas per Course student 300 $1,250 4,900 2,100 For example, administrative expenses should be $3.700 per month plus $45 per course plus $4 per student. The company's sales should average $890 per student The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 61 students. The actual operating results for September appear below Instrotor w Classroom supplies Cu 54,950 39,358 3,990 34,950 3,240 3,544 Required: 1 Prepare the company's planning budget for September 2. Prepere the company's flexible budget for September 3. Calculate the revenue and spending variances for September