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 63 students enrolled in those two courses. Data concerning the company's cost formulas a appear below Instructor wagen Classroom supplies Utilities Campus tent Thourance Administrative expenses Fixed Cost per Coat per Coat per Month Courso Student 92,970 $280 $1,210 65 $5,100 $2,000 $3,500 41 5 For example, administrative expenses should be $3,500 per month plus $41 per course plus $5 per student. The company's 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 55 students. The actual operating results for September were as follows Roventue Instructor wagen Classroom upplies Utilities Campus ront Insurance Administrative expenses Actual 551, 910 $11,160 $17.490 1,880 5,100 2,140 $ 3,405 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 effect (.e., zero variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Budget Planning Budget Courses 4 Students 55 $ 51,910 Revenue Expenses: Instructor wages Classroom supplies Utilities Compus rent Insurance Administrative expenses Total expense Net operating income 11,160 17,490 1,880 5,100 2,140 3,405 41,175 10.735 $