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 61 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost per Cost per Cost per Month Course Student $2,940 $310 $1,210 $ 60 $5,000 $2,400 $3,900 $ 41 $ 5 For example, administrative expenses should be $3,900 per month plus $41 per course plus $5 per student. The company's sales should average $850 per student. The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 53 students. The actual operating results for September appear below: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Required: Actual $48,950 $ 11,040 $ 18,760 $ 1,860 $ 5,000 $ 2,540 $ 3,795