The Gourmand Cooking School runs short cooking courses at its small campus. Mariagement has identified tw cost driversitesi its budgeung 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. Fixed Cost Cost per month Course Cost pe Instructores Consoles Campsent Adehistrative expenses 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 $ Actual 32.000 9, $ Instructor wages Classroon supplies Utilities Campus rent Insurance Administrative expenses 1,50 4.20 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity vartances for September (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None for no effect (le, zero variance). Input all amounts as positive values.) Required: Prepare a exible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect Rezero variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Flexible Budget Planning Budget Coarse Students Revenue 32.400 Instructor wages Classroom Supplies 8.5401 Utilities Campus rent Insurance 1.000| 3.700 Administrative expenses T L Total expense Net operating income 3.370