The Gourmand Cooking School runs

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 63 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost Cost per Cost per per Month Course Student Instructor wages $ 2,920 Classroom supplies $ 278 Utilities $ 1, 220 65 Campus rent $ 5,280 Insurance $ 2, 208 Administrative expenses $ 3, 508 42 5 For example, administrative expenses should be $3.500 per month plus $42 per course plus $5 per student. The company's sales should average $890 per student. The company planned to run four courses with a total of 63 students; however, It actually ran four courses with a total of only 55 students. The actual operating results for September appear below: Actual Revenue $ 53, 178 Instructor wages $ 10,968 Classroom supplies $ 16, 869 Utilities 1 , 890 Campus rent 5,208 Insurance 2, 348 Administrative expenses 3, 409 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.