The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting snd performance reports-the number of courses and the total number of students. For example, the school might run two courses in o month and hove o total of 65 students enrolled in those two courses. Data concerning the compsny's cost formulas oppear below: For example, administrative expenses should be $3,700 per month plus $42 per course plus $6 per student. The company's sales should overoge $890 per student. The company planned to run four courses with a total of 65 students; however, it actually ran four courses with a total of only 55 students. The sctusl operating results for September were ss follows: Required: Prepare a flexible budget performance report that shows both revenue and spending varisnces and activity variances for September. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.) Lovage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the compony's costs: For example, electricity costs should be $1,300 per month plus $0.06 per cor woshed. The compony expects to wosh 8,400 cars in August and to collect an average of $6.10 per car washed. The actual operating results for August are as follows: Required: Prepare a flexible budget performance report that shows the company's revenue and spending variances and activity variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.)