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 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 60 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			$	2,930
Classroom supplies					$	290
Utilities	$	1,230	$	80
Campus rent	$	5,000
Insurance	$	2,400
Administrative expenses	$	4,000	$	44	$	5

For example, administrative expenses should be $4,000 per month plus $44 per course plus $5 per student. The companys sales should average $900 per student.

The actual operating results for September appear below:

		Actual
Revenue	$	51,100
Instructor wages	$	11,000
Classroom supplies	$	17,250
Utilities	$	1,960
Campus rent	$	5,000
Insurance	$	2,540
Administrative expenses	$	3,902

Required:
1.	The Gourmand Cooking School expects to run four courses with a total of 60 students in September. Complete the companys 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