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The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposes - the

The Gourmand Cooking School runs short cooking courses at its small campus.
Management has identified two cost drivers it uses for budgeting purposes-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:
For example, administrative expenses should be $3,700 per month plus $43 per
course plus $5 per student. The company's sales should average $900 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 55 students. The actual operating
results for September were as follows:
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.
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