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 61 students enrolled in those two courses. Data concerning the company's cost formulas appear below. Instructor wages classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost Cost Cost per per per Month Course Student $2,910 $280 $1,220 $ 50 $5,000 $2,000 $3,800 $ 41 $ 5 For example, administrative expenses should be $3,800 per month plus $41 per course plus $5 per student. The company's soles should average $890 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 57 students. The actual operating results for September appear below. Actual Revenue $51,390 Instructor wages $10,920 Classroom supplies $16,930 Utilities $ 1,830 Campus rent $ 5,000 Insurance $ 2,140 Administrative $ 3,695 expenses Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Flexible Results Budget Planning Budget Courses Students 57 $51.390 Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 10.920 16,9301 1.830 5,000 2,140 3,695 40,515 10.875 $