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 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			$	2,940
Classroom supplies					$	300
Utilities	$	1,250	$	65
Campus rent	$	4,800
Insurance	$	2,100
Administrative expenses	$	3,800	$	44	$	3

For example, administrative expenses should be $3,800 per month plus $44 per course plus $3 per student. The companys sales should average $860 per student.

The actual operating results for September appear below:

		Actual
Revenue	$	49,560
Instructor wages	$	11,040
Classroom supplies	$	18,150
Utilities	$	1,920
Campus rent	$	4,800
Insurance	$	2,240
Administrative expenses	$	3,585

Required: 1. The Gourmand Cooking School expects to run four courses with a total of 61 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 Required: 1. The Gourmand Cooking School expects to run four courses with a total of 61 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