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 64 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages classroom supplies Utilities Campus rent Insurance Adelinistrative expenses Fixed cont per cont per cost per Month Courne Student $ 2,950 $ 290 $1,210 $ 65 $4,800 $2,300 $3,800 5 41 $ 4 For example, administrative expenses should be $3,800 per month plus $41 per course plus 54 per student. The company's sales should average $880 per student The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 54 students. The actual operating results for September appear below: Revenue Instructor wages classroom supplies Ulities Campus Tent Ingurango Administrative expenses Motul 353, 420 $ 11,080 $18.410 $ 1,880 $ 4,800 $ 2,449 $ 3,646 Required: 1. Prepare the company's planning budget for September 2. Prepare the company's flexible budget for September 3. Calculate the revenue and spending variances for September Complete this question by entering your answers in the tabs below Required: 1. Prepare the company's planning budget for September. 2. Prepare the company's flexible budget for September. 3. Calculate the revenue and spending variances for September Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the company's planning budget for September Gourmand Cooking School Planning Budget For the Month Ended September 30 Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 3. culate une revenue drie Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Prepare the company's flexible budget for September Gourmand Cooking School Flexible Budget For the Month Ended September 30 Revenue Expenses : Instructor wages Classroom supplies Ulities Campus ront Insurance Administrative expenses Total expense Net Operating income Rood Requlrod 3 > Required 1 Required 2 Required 3 Calculate the revenue and spending variances for September. Kindicate the effect of each variance by selecting F for favorable for unfavorable, and "None for no effect (1.e. zero variance). Input all amounts as positive values.) Gourmand Cooking School Ruvenue and Spending Variances For the Month Endod September 30 Actual Revenue and Spending Results Variances 4 Flexible Budget Courses Students 54 Revenue S 53,420 Expenses Instructor wages Classroom Supplies 11,080 18.410 unities 1 880 Campus rent 4.800 Insurance 2440 3,046 Administrave expenses Total expense Not operating income 42.256 11134 und
