The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposes-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 65 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost per Cost per Cost per Month Utilities Instructor wages Classroom supplies Campus rent Course $ 2,960 Student $ 310 $ 1,240 $ 55 $ 5,100 Insurance $ 2,400 Administrative expenses $ 3,500 $ 46 $ 6 For example, administrative expenses should be $3,500 per month plus $46 per course plus $6 per student. The company's sales should average $850 per student. The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 59 students. The actual operating results for September were as follows: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Required: Actual $ 52,350 $ 11,120 $ 20,000 $ 1,870 $ 5,100 $ 2,540 $ 3,500 Prepare a flexible budget performance report 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. Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Planning Actual Results Budget Budget