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Saved 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 cost per per Month Course Student $ 2,90 $ 270 $1,2305 Instructor wages Classroon supplies Utilities Campus rent Insurance Administrative expenses $ 7 For example, administrative expenses should be $3,600 per month plus $41 per course plus $7 per student. The company's sales should average $900 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 56 students. The actual operating results for September were as follows: Actual Instructor Classe plies 5 11.000 $ 19,13 Curent Tence $ 4,00 5 2.240 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 "P" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance Input all amounts as positive values.) Gourmand Cooking School Fleuble Budget Performance Report For the Month Ended September 30 Planina OBI DOLL F2 F3 F4 16 F5 F6 F7 F8 F9 Administrative expenses $ 3,638 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity varianc. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Actual Results Flexible Budget Planning Budget Courses Students 56 5 Revenue Expenses 54.700 Classroom supplies Campuran 11.000 17 130 1.980 4900 2240 3533 40.338 $ Type here to search

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