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The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers that 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 per Month
Cost per Course
Cost perStudent
Instructor wages
$
2,960
Classroom supplies
280
Utilities
1,250
55
Campus rent
4,700
Insurance
2,000
Administrative expenses
3,700
41
5
For example, administrative expenses should be $3,700 per month plus $41 per course plus $5 per student. The company's sales should average $890 per student.
The actual operating results for September appear below:
Revenue
54,060
11,120
17,770
1,880
2,140
3,610
1. The Gourmand Cooking School expects to run four courses with a total of 64 students in September. Complete the company's planning budget for this level of activity.
2. The school actually ran four courses with a total of 58 students in September. Complete the company's flexible budget for this level of activity.
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