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 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 company's cost formulas appear below: Instructor wages Classroom supplies Utilities Campus rent Insurance Fixed Cost Cost per Cost per per Month Course Student $ 2,940 $270 $ 1,230 $ 65 $ 5,000 $ 2,300 Administrative expenses $ 3,700 $ 40 $ 4 For example, administrative expenses should be $3,700 per month plus $40 per course plus $4 per student. The company's sales should average $850 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 55 students. The actual operating results for September appear below: Actual Revenue $ 50,650 Instructor wages $ 11,040 Classroom supplies $ 16,860 Utilities Campus rent Insurance $ 1,900 $ 5,000 $ 2,440 Administrative expenses $ 3,538