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 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 63 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			$	2,940
Classroom supplies					$	300
Utilities	$	1,220	$	65
Campus rent	$	5,000
Insurance	$	2,300
Administrative expenses	$	3,800	$	43	$	7

For example, administrative expenses should be $3,800 per month plus $43 per course plus $7 per student. The companys sales should average $880 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 57 students. The actual operating results for September appear below:

	Actual
Revenue	$	52,540
Instructor wages	$	11,040
Classroom supplies	$	18,750
Utilities	$	1,890
Campus rent	$	5,000
Insurance	$	2,440
Administrative expenses	$	3,839

Required:

Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September.