The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposes-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: Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cost per Cost per Cost per Month Student Course $ 3,080 $ 130 Revenue Instructor wages Classroom supplies Utilities $ 870 $ 4,200 $ 1,890 $ 3,270 Campus rent Insurance Administrative expenses $ 15 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. $ 260 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 were as follows: Actual $ 32,400 $ 9,080 $ 8,540 $ 1,530 $4,200 $ 1,890 $ 3,790 $4 A Required: Prepare a flexible budget performance report for September. Note: Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable. and "None" for no effect li.e.. zero

The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposes - 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: 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 were as follows: Required: Prepare a fiexible budget performance report for September. Note: Indirate the effect of each variance bu selectina "F" for favorable. " U " for unfavorable. and "None" for no effect ll.e- zero