The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers that it uses in its budgeting and performance reportsthe 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 60 students enrolled in those two courses. Data concerning the companys cost formulas appear below:

	Fixed Cost per Month		Cost per Course		Cost per Student
Instructor wages			$	2,940
Classroom supplies					$	270
Utilities	$	1,240	$	60
Campus rent	$	4,600
Insurance	$	2,000
Administrative expenses	$	3,800	$	44	$	5

For example, administrative expenses should be $3,800 per month plus $44 per course plus $5 per student. The companys sales should average $890 per student.

The actual operating results for September appear below:

		Actual
Revenue	$	50,500
Instructor wages	$	11,040
Classroom supplies	$	16,050
Utilities	$	1,890
Campus rent	$	4,600
Insurance	$	2,140
Administrative expenses	$	3,702

1. The Gourmand Cooking School expects to run four courses with a total of 60 students in September. Complete the company's planning budget for this level of activity Gourmand Cooking School Planning Budget For the Month Ended September 30 53,400 Revenue Expenses Instructor wages 11,760 16,200 Classroom supplies 1,480 Utilities 4,600 Campus rent 2,000 Insurance 4,276 Administrative expenses 40,316 Total expense S 13,084 Net operating income