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 reportsthe 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 61 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		2,980
Classroom supplies			280
Utilities	1,230	65
Campus rent	4,800
Insurance	2,400
Administrative expenses	3,600	42	6

For example, administrative expenses should be $3,600 per month plus $42 per course plus $6 per student. The companys sales should average $880 per student.

The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 55 students. The actual operating results for September appear below:

	Actual
Revenue	50,780
Instructor wages	11,200
Classroom supplies	16,930
Utilities	1,900
Campus rent	4,800
Insurance	2,540
Administrative expenses	3,560

Required:

Prepare a flexible budget performance report that shows both revenue and spending variances and activity 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.)