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 vagen Classroom supplies Utilities Campus rent Insurance Administrative expenses Fixed Cont per cost per Cost per Month Course Student $ 2.960 $ 270 $ 1,210 $ 85 $ 5,000 $ 2,300 $ 3,500 $ 42 $ 4 For example, administrative expenses should be $3,500 per month plus $42 per course plus $4 per student. The company's sales should average $890 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 were as follows: Ravenue Instructor wagen Classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $51,390 $11,120 $ 16,320 $ 1,960 $ 5,000 $ 2.440 $ 3,338 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 (.e., zero varlance). Input all amounts as positive values.) Answer is not complete. Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Revenue and Spending Variances Budget Actual Results Activity Variances Pianning Budget 4 4 Courses Students 51 51 61 $ 51,390 F . U None U F O Revenue Expenses Instructor wages Classroom supplies Us Campus rent Insurance Administrative expenses Total expense Net operating income 11,120 16,320 1.960 5,000 2.440 3.330 40,178 11212 U None u F None None None F F U 00000 U DO F