The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses for budgeting purposesthe 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 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 $

Classroom supplies $

Utilities $ $

Campus rent $

Insurance $

Administrative expenses $ $ $

For example, administrative expenses should be $ per month plus $ per course plus $ per student. The companys sales should average $ per student.

The company planned to run four courses with a total of students; however, it actually ran four courses with a total of only students. The actual operating results for September were as follows:

Actual

Revenue $

Instructor wages $

Classroom supplies $

Utilities $

Campus rent $

Insurance $

Administrative expenses $

Required:

Prepare a flexible budget performance report for September.

Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and \"None\" for no effect ie zero variance Input all amounts as positive values.