The Gourmand Cooking School runs short cooking courses at its small compus. 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 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed cost per cost per cost per Month Course Student $ 2,940 $10 1,210 $ 85 5 5.000 5 2,400 5 3,700 For example, administrative expenses should be 53,700 per month plus $44 per course plus $7 per student. The company's sales should average 5860 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 59 students. The actual operating results for September appear below. Actual Instructor was $ 11,000 $ 51,200 RE classroom supplies Ulti Campus rent Insurance Ministrative expenses 19.10 1. $5,000 $2.540 5.73 Required 1 Required 2 Required 3 Calculate the revenue and spending variances for September. (Indicate the effect of each varlance by selecting "F" favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Gourmand Cooking School Revenue and Spending Variances For the Month Ended September 30 Actual Revenue and Spending Results Variances 4 59 Flexible Budget Courses Students $ 51280 0 U Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11.040 19,380 1,900 5,000 2,540 3,743 43 663 7617 None U s