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 64 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					$	280
Utilities	$	1,250	$	85
Campus rent	$	4,600
Insurance	$	2,300
Administrative expenses	$	3,800	$	42	$	5

For example, administrative expenses should be $3,800 per month plus $42 per course plus $5 per student. The companys sales should average $900 per student.

The actual operating results for September appear below:

		Actual
Revenue	$	54,700
Instructor wages	$	11,040
Classroom supplies	$	17,770
Utilities	$	2,000
Campus rent	$	4,600
Insurance	$	2,440
Administrative expenses	$	3,714

Required:
1.	The Gourmand Cooking School expects to run four courses with a total of 64 students in September. Complete the companys planning budget for this level of activity.

2.	The school actually ran four courses with a total of 56 students in September. Complete the companys flexible budget for this level of activity.

3.	Complete the 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.)