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 61 students enrolled in those two courses Data concerning the company's cost formulas appear below Instructor wages Classroom supplies Utilities Campus rent Insurance Atministrative expenses Fixed Cont Cost per cost per per Month Course Student $ 2,970 $ 290 $1,250 $ 85 $5,200 $2,200 $3,500 5 For example, administrative expenses should be $3,500 per month plus 541 per course plus $6 per student. The company's sales should average $890 per student The company planned to run four courses with a total of 61 students: however, it actually ran four courses with a total of only 51 students. The actual operating results for September appear below a Revenue Instructor wages Classroon supplies Actual $ 51,390 $ 11, 160 $ 17,540 The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 51 students. The actual operating results for September appear below: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 51,390 $ 11,160 $ 17,540 $ 2,000 $ 5,200 $ 2,340 $3,456 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 1 Required 2 Required 3 Prepare the company's planning budget for September. Gourmand Cooking School Planning Budget For the Month Ended September 30 Budgeted courses Budgeted students Revenue Expenses: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 0 $ 0 Prev Required 1 Required 2 Required 3 Prepare the company's flexible budget for September. Gourmand Cooking School Flexible Budget For the Month Ended September 30 Actual courses Actual students ces Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 0 $ 0 0