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 $$3,700$ per month plus $$40$ per course

plus $$5$ per student. The company's sales should average $$880$ 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 $59$ students. The actual operating results for

September appear below:

Required:

Prepare the company's planning budget for September.

Prepare the company's flexible budget for September.

Calculate the revenue and spending variances for September.

Complete this question by entering your answers in the tabs below.

Required $1,$ Required $2$

Prepare the company's planning budget for September.