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 62 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost Cost per Cost per Student per Month Course $ 2,940 Instructor wages classroon supplies Utilities $288 $1,218 $4,88e $2,18e $3,90e 75 Canpus rent Insurance Adninistrative expenses $ 4 42 For example, administrative expenses should be $3,900 per month plus $42 per course plus $4 per student. The company's sales should average $890 per student The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below Actual $52.280 $ 11.848 $ 17.218 Revenue Instructor wages classroon supplies Utilities $ 1.928 Canpus rent 4.8ee Insurance 2,248 3,742 Adninistrative expenses Requlred: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each varlance by selectting "F" for favorable. "U" for unfavorable, and "None" for no effect (e., zero varlance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Budget Planning Budget Actual Results Courses 4 Students 56 Revenue 52.280 Expenses Instructor wages 11,040 Classroom supplies 17,210 Utilities 1.920 Campus rent 4,800 Insurance 2,240 Administrative expenses 3,742 Total expense 40,952 S 11,328 Net aperating income