The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposesthe 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 companys cost formulas appear below:

	Fixed Cost per Month	Cost per Course	Cost per Student
Instructor wages		$ 2,930
Classroom supplies			$ 300
Utilities	$ 1,240	$ 55
Campus rent	$ 4,600
Insurance	$ 2,300
Administrative expenses	$ 3,600	$ 42	$ 4

For example, administrative expenses should be $3,600 per month plus $42 per course plus $4 per student. The companys sales should average $870 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 59 students. The actual operating results for September were as follows:

	Actual
Revenue	$ 51,910
Instructor wages	$ 11,000
Classroom supplies	$ 18,750
Utilities	$ 1,870
Campus rent	$ 4,600
Insurance	$ 2,440
Administrative expenses	$ 3,446

Required:

Prepare a flexible budget performance report for September.

Note: 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.