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 65 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			$	2,910
Classroom supplies					$	290
Utilities	$	1,210	$	60
Campus rent	$	5,000
Insurance	$	2,400
Administrative expenses	$	3,500	$	40	$	4

For example, administrative expenses should be $3,500 per month plus $40 per course plus $4 per student. The companys sales should average $890 per student.

The actual operating results for September appear below:

		Actual
Revenue	$	54,950
Instructor wages	$	10,920
Classroom supplies	$	18,700
Utilities	$	1,860
Campus rent	$	5,000
Insurance	$	2,540
Administrative expenses	$	3,346

Required:
1.	The Gourmand Cooking School expects to run four courses with a total of 65 students in September. Complete the companys planning budget for this level of activity.

2.	The school actually ran four courses with a total of 61 students in September. Complete the companys flexible budget for this level of activity.

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 effect (i.e., zero variance). Input all amounts as positive values.)