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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

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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 60 students enrolled in those two courses. Data concerning the company's cost formulas appear below: For example, administrative expenses should be $3,900 per month plus $42 per course plus $5 per student. The compony's sales should average $890 per student. The company planned to run fout courses with a total of 60 students; however, it actually ran four courses with a total of only 58 students. The actual operating results for September were as follows: Required: Prepare a flexble budget performance report that shaws both revenue and spending variances and activity variances for September. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavprable, and "None" for no effect (l.e., zero variance), thput all amounts as positive values. Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances 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

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