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 61 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Instructor wages classroon supplies Fixed Cost per cont per cost per Month Course Student 52.930 $310 $1,210 $ 55 $4,600 $2,200 $3,700 43 55 Administrative expenses For example, administrative expenses should be $3,700 per month plus $43 per course plus $5 per student. The company's sales should average $870 per student The company planned to run four courses with a total of 61 students; however, it actually ran four courses with a total of only 51 students. The actual operating results for September appear below. Mtual $50,170 $ 18,760 Instructor wages classroon supplies Utilities Campus rent Administrative expenses $3.503 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 (ie, zero variance). Input all amounts as positive values :) Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month $ 20,800 Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Cost per Repair-Hour $15.00 $ 7.70 $ 0.40 $ 1.60 $ 2,710 $ 5.800 $ 4,620 $ 3,890 Administrative expenses $ 0.60 For example, wages and salaries should be $20,800 plus $15.00 per repair-hour. The company expected to work 3,000 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales to be $54.00 per repair-hour. Required: Compute the company's activity variances for May. (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.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue Expenses: Wages and salaries F Parts and supplies F Equipment depreciation Truck operating expenses ohane Administrative expenses Total expense Net operating income Rent You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for Marche Metal cost in Cost Forma Uslities $16,400 plus 30.21 per machine-hour Maintenance $38.100 plus 51.40 per chi hour 10.70 per sachine Indirect labor96.900 plus 1.00 per machine Depreciation 567,800 $21.350 $ 52.900 $10.00 $116,800 During March, the company worked 13.000 machine hours and produced 7000 units. The company had originally planned to work 15.000 machine-hours during March Regured: 1. Calculate the activity variances for March 2. Calculate the spending variances for March Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the activity variances for March (Indicate the effect of each variance by acting for favorable unfavorable, and None for no rect(le, zere variance). Input at amounts as positive values.) us for FAB Corporation Activity Variances During March, the company worked 13,000 machine-hours and produced 7,000 units. The company had orig 15,000 machine-hours during March Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. Complete this question by entering your answers the tabs below. Required 1 Required 2 Calculate the activity variances for March. (Indicate the effect of each variance by selecting "F" for favorable, "U" unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) FAB Corporation Activity Variances For the Month Ended March 31 Utilities Maintenance Supplies Indirect labor Depreciation Total III. During March, the company worked 13,000 machine-hours and produced 7,000 units. The company had originally planned to work 15,000 machine-hours during March. Required: 1. Calculate the activity variances for March. 2. Calculate the spending variances for March. points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Print Calculate the spending variances for March. (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.) References FAB Corporation Spending Variances For the Month Ended March 31 Utilities Maintenance Indirect labor Depreciation