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 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 63 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 $ 2,930 Classroom supplies $ 280 Utilities $ 1,220 $ 90 Campus rent $ 5,200 Insurance $ 2,300 Administrative expenses $ 3,600 $ 42 $ 4 For example, administrative expenses should be $3,600 per month plus $42 per course plus $4 per student. The companys sales should average $900 per student. The company planned to run four courses with a total of 63 students; however, it actually ran four courses with a total of only 61 students. The actual operating results for September appear below: Actual Revenue $ 53,800 Instructor wages $ 11,000 Classroom supplies $ 17,490 Utilities $ 1,990 Campus rent $ 5,200 Insurance $ 2,440 Administrative expenses $ 3,446 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (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.)