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				$	2,930
Classroom supplies							$	260
Utilities	$	1,230		$	50
Campus rent	$	4,700
Insurance	$	2,200
Administrative expenses	$	3,700		$	44		$	5

For example, administrative expenses should be $3,700 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	$	11,000
Classroom supplies	$	15,450
Utilities	$	1,840
Campus rent	$	4,700
Insurance	$	2,340
Administrative expenses	$	3,602

Required: 1. The Gourmand Cooking School expects to run four courses with a total of 61 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 Expenses: Instructor wages Classroom supplies Utlities Campus rent Total expense Net operating income 2. The school actually ran four courses with a total of 57 students in September. Complete the company's fliexible budget for this level of activity Gourmand Cooking School Flexible Budget For the Month Ended September 30 Revenue Instructor wages Classroom supplies Utilities Campus rent Total expense Net operating income 3. Complete the 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 offect (i.e., zero variance). Input all amounts as positive values.) Flexible Budget Performance Report For the Month Ended September 30 Revenue Instructor wages Classroom supplies Utlities Campus rent Total expense Net operating income