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 63 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				$	2,910
Classroom supplies							$	270
Utilities	$	1,210		$	70
Campus rent	$	5,200
Insurance	$	2,100
Administrative expenses	$	3,700		$	45		$	4

For example, administrative expenses should be $3,700 per month plus $45 per course plus $4 per student. The companys sales should average $860 per student.

The actual operating results for September appear below:

	Actual
Revenue	$	51,280
Instructor wages	$	10,920
Classroom supplies	$	16,860
Utilities	$	1,900
Campus rent	$	5,200
Insurance	$	2,240
Administrative expenses	$	3,558

Required:

1. The Gourmand Cooking School expects to run four courses with a total of 63 students in September. Complete the companys planning budget for this level of activity.

2. The school actually ran four courses with a total of 57 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.)