The Gourmand Cooking School tuns short cooking courses at its mal campus Management has identified two cost diversitesi its budgeting and performance reports the number of courses and the total number of students For example, the school minun Two courses in a month and have a total of 63 students enrolled in the two courses Data concerning the company's cost formules appear below Catch th tie 20 3 . 1. For example amortive expenses should be $3700 per monthus 544 percourse pus per student. The company's should average 5860 per student The company planned to run four counter with a total of student however it can be courses with a total of only 57 students. The actual operating results for September below 15.1 11 10 1403 Required are the company playing budget for September Prepare the company exible budget to Setember Calle mensenanganances for temer Complete this question to your answers in the tabs bolow 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 For the Month Ended September 30 Revenue Expenses Instructor wages Classroom supplies Campus runt Administrative pense Total expense Net operating income 0 Required 1 Required 2 Required 3 Prepare the company's flexible budget for September Gourmand Cooking School Flexible Budget For the Month Ended September 30 Revenue Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating Income 0 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 Calculate the revenue and spending 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.) Gourmand Cooking School Revenue and Spending Variances For the Month Ended September 30 Actual Revenue and Spending Results Variances Budget Courses Students 57 Flexible 4 $ 51280 10.960 17 490 1930 Revenue Expenses Instructor wages Classroom Supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 4.900 2.540 3,491 41,311 9.969 $ 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 Calculate the revenue and spending 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.) Gourmand Cooking School Revenue and Spending Variances For the Month Ended September 30 Actual Revenue and Spending Results Variances Budget Courses Students 57 Flexible 4 $ 51280 10.960 17 490 1930 Revenue Expenses Instructor wages Classroom Supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 4.900 2.540 3,491 41,311 9.969 $