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 63 students enrolled in those two courses. Data concerning the company's cost formulas appear below: For example, administrative expenses should be $3,700 per month plus $45 per course plus $6 per student. The company's sales should average $860 per student. The company planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only 53 students. The actual operating results for September appear below: Required: 1. Prepare the company's planning budget for September. 2. Prepare the company's flexible budget for September. 3. Calculate the revenue and spending variances for September. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare the company's planning budget for September. Complete this question by entering your answers in the tabs below. Prepare the company's flexible budget for September. Complete this question by entering your answers in the tabs below. Calculate the revenue and spending variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts as positive values.) Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following stondards for the Maze toy: Direct materials: 6 microns per toy at $0.31 per micron Direct labor: 1.3 hours per toy at $7.20 per hour During July, the compony produced 4,600 Maze toys. The toy's production data for the month are as follows: Direct materials 78,000 microns were purchased at a cost of $0.28 per micron. 43,500 of these microns were still in inventory at the end of the month. Direct labor 6,480 direct tabor-hours were worked at a cost of $48,600 Required: 1. Compute the following variances for July: (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. Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.) a. The materials price and quantity variances. b. The labor rate and efficiency variances