The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers that 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 64 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost Cost per Cost per per Month Course Student 2,930 Instructor wages Classroom supplies $270 Utilities 1,220 60 Campus rent 4,700 Insurance 2,100 Administrative expenses 4,000 42 5 For example, administrative expenses should be $4,000 per month plus $42 per course plus $5 per student. The company's sales should average $890 per student. The actual operating results for September appear below: Actual Revenue 54,060 Instructor wages 11,000 Classroom supplies 17,130 Utilities 1,870 Campus rent 4,700 Insurance 2,240 Administrative expenses 3,914 Required 1. The Gourmand Cooking School expects to run four courses with a total of 64 students in September Complete the company's planning budget for this level of activity. Gourmand Cooking School Planning Budget For the Month Ended September 30 Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income