The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers that it uses in its budgeting and performance reportsthe 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 62 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			$	2,910
Classroom supplies					$	290
Utilities	$	1,220	$	75
Campus rent	$	4,600
Insurance	$	2,300
Administrative expenses	$	3,500	$	43	$	7

For example, administrative expenses should be $3,500 per month plus $43 per course plus $7 per student. The companys sales should average $880 per student.

The actual operating results for September appear below:

		Actual
Revenue	$	51,660
Instructor wages	$	10,920
Classroom supplies	$	17,830
Utilities	$	1,930
Campus rent	$	4,600
Insurance	$	2,440
Administrative expenses	$	3,532

Required:
1.	The Gourmand Cooking School expects to run four courses with a total of 62 students in September. Complete the companys planning budget for this level of activity.

2.	The school actually ran four courses with a total of 58 students in September. Complete the companys flexible budget for this level of activity.

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.)