The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposesthe 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 62 students enrolled in those two courses. Data concerning the companys cost formulas appear below:

	Fixed Cost per Month	Cost per Course	Cost per Student
Instructor wages		$ 2,970
Classroom supplies			$ 260
Utilities	$ 1,240	$ 50
Campus rent	$ 4,800
Insurance	$ 2,200
Administrative expenses	$ 3,600	$ 45	$ 3

For example, administrative expenses should be $3,600 per month plus $45 per course plus $3 per student. The companys sales should average $890 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 60 students. The actual operating results for September were as follows:

	Actual
Revenue	$ 52,280
Instructor wages	$ 11,160
Classroom supplies	$ 15,970
Utilities	$ 1,850
Campus rent	$ 4,800
Insurance	$ 2,340
Administrative expenses	$ 3,392

Required:

Prepare a flexible budget performance report for September.

Note: 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.