The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses ir 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: For example, administrative expenses should be $3,800 per month plus $46 per course plus $4 per student. The company's sales should average $850 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 appear below: 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the company's planning budget for September. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Gourmand Cooking School } \\ \hline \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline \multicolumn{2}{|c|}{ For the Month Ended September 30} \\ \hline Actual courses \\ \hline Actual students & \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Instructor wages & \\ \hline Classroom supplies & \\ \hline Utilities & \\ \hline Campus rent & \\ \hline Insurance & \\ \hline Administrative expenses & 0 \\ \hline Total expense & 0 \\ \hline Net operating income & $ \\ \hline \end{tabular}