The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses its budgeting and performance reports-the number of courses and the total number of students. For example, the school might ru two courses in a month and have a total of 61 students enrolled in those two courses. Data concerning the company's cost formula appear below: Instructor wages Classroom supplies Utilities Fixed Cost per Cost per Cost per Month Course Student $2,960 $300 $1,240 $ 80 Campus rent $4,600 Insurance $2,200 Administrative expenses $3,700 $ 40 $ 6 For example, administrative expenses should be $3,700 per month plus $40 per course plus $6 per student. The company's sales should average $880 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 Actual $50,780 $11,120 $18,150 $ 1,970 $ 4,600 $ 2,340. $ 3,652