The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposes$$the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of $62$ students enrolled in those two courses. Data concerning the company$$s cost formulas appear below:

Fixed Cost per Month Cost per Course Cost per Student

Instructor wages $ $2,930$

Classroom supplies $ $270$

Utilities $ $1,210$ $ $50$

Campus rent $ $5,100$

Insurance $ $2,100$

Administrative expenses $ $3,700$ $ $45$ $ $6$

For example, administrative expenses should be $$3,700$ per month plus $$45$ per course plus $$6$ per student. The company$$s sales should average $$890$ per student.

The company planned to run four courses with a total of $62$ students; however, it actually ran four courses with a total of only $54$ students. The actual operating results for September were as follows:

Actual

Revenue $ $52,280$

Instructor wages $ $11,000$

Classroom supplies $ $16,590$

Utilities $ $1,820$

Campus rent $ $5,100$

Insurance $ $2,240$

Administrative expenses $ $3,678$

Required:

Prepare a flexible budget performance report for September.