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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

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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 65 students enrolled in those two courses. Data concerning the company's cost formulas appear below: For example, administrative expenses should be $3,600 per month plus $44 per course plus $4 per student. The company's sales should average $870 per student. The company plantied to run four couises with a total of 65 students, however, it actually ran four courses with a total of only 59 students. The actual operating results for September appear below: Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activily variances for September. (Indicate the effect of each voriance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero vorionce). Input all amounts as positive values.)

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