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 60 students enrolled in those two courses. Data concerning the company's cost formulas appear below. Fixed Cost Cost per Cost per Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses per Month Course $2,950 Student $270 $ 1,210 $90 $ 4,600 $ 2,400 $ 3,600 $ 42 $5 For example, administrative expenses should be $3,600 per month plus $42 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 60 students; however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below. Actual Revenue $ 48,100 Instructor wages $ 11,080 Classroom supplies $ 16,050 Utilities $1,980 Campus rent $4,600 $2,540 $3,494 Insurance Administrative expenses Required: 1. Prepare the company's planning budget for September 2. Prepare the company's flexible budget for September 3. Calculate the revenue and spending variances for September Complete this question by entering your answers in the tabs below.