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 reports--the 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 64 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost Cost per per Month Course $ 2,940 Cost per Student 5300 Instructor wages classroom supplies Utilities Campus rent Insurance Administrative expenses $ 70 $1,230 $ 4.900 $ 2,200 $ 3,800 $ 40 5 4 For example, administrative expenses should be $3,800 per month plus $40 per course plus $4 per student. The company's sales should average $860 per student The company planned to run four courses with a total of 64 students, however, it actually ran four courses with a total of only 58 students. The actual operating results for September appear below. Revenue Instructor wages Classroon supplies Utilities Campus rent Insurance Actual $ 52,140 $ 11,040 $ 19,50 $ 1,920 $4,900 $ 2,340 Revenue Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $ 52,140 $ 11,040 $ 19,050 $ 1,920 $ 4,900 $ 2,340 $ 3,642 Required: 1. Prepare the company's planning budget for September 2. Prepare the company's flexible budget for September. 3. Calculate the revenue and spending variances for September. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the company's planning budget for September. Gourmand Cooking School Planning Budget For the Month Ended September 30