The Gourmand Cooking School runs short cooking courses at its small camput 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 twe courses in a month and have a total of 63 students enrolled in these two courses Data concerning the company's cost formules appear below Fixed Cost Cost per Course $2,050 Cost per Student $200 55 Instructora Claspils Utiliti Camous rent Insurance Administrative expenses 31,28 54,900 52, 5 For example administrative expenses should be $3700 per month plus $44 percourse plus $3 per student. The cortipany's sales should average 5860 per student The company planned to run courses with a total of 63 students, however, it actually ran our courses with a total of only 57 students. The actual operating results for September were as fotos Instructor Castoon supelis its aus et Insurance inistratives Actual $ 51, 5 11, 18. 51,1 54,00 $ 2.4 52,491 Required Prepare a exible budget performance upon that how both revenge and spending variatices and activity variances for September indicate the effect of each variance by selecting "F* for favorable. "U" for unfavorable, and "None" for no effectie.ro wariance Input all amounts a positive values:) 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 effectie zero veriance) Input all amounts es positive values Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Budget Planning Budget 4 S7 Students $ 51280 Instructor wages Complir 11 080 10120 1870 les 7.440 3.491 41,01 93.78 Total presse Nettengine $ omework Saved Exercise 9-6 (Algo) Working with More Than One Cost Driver (LO9-2, LO9-3, LO9-5, LO9-6] 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 appear below: Fixed Cost Cost per per Month Course $ 2,950 Cost per Student $ 290 $ 55 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $1,240 $ 4,900 $ 2,300 $ 3,700 $ 44 $ 3 For example, administrative expenses should be $3,700 per month plus $44 per course plus $3 per student. The company's sales should average $860 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 were as follows: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 51,280 $ 11,080 $ 18,120 $ 1,870 $ 4,900 $ 2,440 $ 3,491 Required: Prepare a flexible budget performance report that shows both revenue and spending vanances and activity 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 variancel Innuit all amounts As nocitive valec