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 61 students enrolled in those two courses. Data concerning the company's cost formulas appear below:

Fixed

Cost per Cost per Cost per

Month

Course

Student

$ 2,960

$ 270

$ 60

Instructor wages

Classroom supplies

Utilities

Campus rent

Insurance

Administrative expenses

$ 1,240

$ 5,000

$ 2,200

$ 3,700

$ 40

$ 5

For example, administrative expenses should be $3,700 per month plus $40 per course plus $5 per student. The company's sales should average $870 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 59 students. The actual operating results for September were as follows:

Actual

$ 50,170

$ 11,120

$ 16,320

$ 1,890

$ 5,000

$ 2,340

$ 3,591

Revenue

Instructor wages

Classroom supplies

Utilities

Campus rent

Insurance

Administrative expenses

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 (i.e., zero variance). Input all amounts as positive values.