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:

Fixed Cost per Month Cost per Course Cost per Student Instructor wages $ 2,970 Classroom supplies $ 270 Utilities $ 1,200 $ 80 Campus rent $ 4,800 Insurance $ 2,000 Administrative expenses $ 4,000 $ 41 $ 4

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. Required 1 Required 2 Required 3 Calculate the revenue and spending variances for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Gourmand Cooking School Revenue and Spending Variances For the Month Ended September 30 Actual Revenue and Spending Flexible Results Variances Budget Courses 4 4: Students 59 Revenue $ 53,170 Expenses: Instructor wages 11,160 Classroom supplies 16,860 Utilities 1,930 Campus rent 4,800 Insurance 2,140 Administrative expenses 3,842 Total expense 40,732 Net operating income $ 12,438Fixed Cost Cost per Cost per per Month Course Student Instructor wages $ 2,970 Classroom supplies $ 270 Utilities $ 1, 200 $ 80 Campus rent $ 4, 890 Insurance $ 2,090 Administrative expenses $ 4,900 $ 41 $ 4Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses