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 50 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Cost per Fixed Cost Cost per Course $ 3,080 per Month Student $ 260 $ 130 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $ 870 $ 4,200 $ 1,890 $ 3,270 $ 15 $ 4 For example, administrative expenses should be $3,270 per month plus $15 per course plus $4 per student. The company's sales should average $800 per student. The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. The actual operating results for September appear below: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 32,400 $ 9,080 $ 8,540 $ 1,530 $ 4,200 $ 1,890 $ 3,790 per Month Student Course $ 3,080 $ 260 Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses $ 130 $ 870 $ 4,200 $ 1,890 $ 3,270 $ 15 $ 4 For example, administrative expenses should be $3,270 per month plus $15 per course plus $4 per student. The company's sales should average $800 per student. The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. The actual operating results for September appear below: Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 32,400 $ 9,080 $ 8,540 $ 1,530 $ 4,200 $ 1,890 $ 3,790 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 effect (i.e., zero variance). Input all amounts as positive values.) Gourmand Cooking School