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The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it useRequired: 1. Prepare the companys planning budget for September. 2. Prepare the companys flexible budget for September 3. CRequired: 1. Prepare the companys planning budget for September. 2. Prepare the companys flexible budget for September. 3.Required: 1. Prepare the companys planning budget for September. 2. Prepare the companys flexible budget for September. 3.

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Required 1 :
Gourmand Cooking School
Planning budget
For the month ended September 30
Budgeted courses 4
Budgeted students 61
Revenue [ 870 * 61 ] 53070
Expenses :
   Instructor wages [ 2920 * 4 ] 11680
   Classroom supplies [ 300 * 61 ] 18300
   Utilities [ 1230 + ( 70 * 4 ) ] 1510
   Campus rent 5000
   Insurance 2200
   Administrative expenses [ 3700 + ( 40 * 4 ) + ( 6 * 61 ) ] 4226
Total expenses 42916
Net operating income 10154
Required 2 :
Gourmand Cooking School
Flexible budget
For the month ended September 30
Actual courses 4
Actual students 57
Revenue [ 870 * 57 ] 49590
Expenses :
   Instructor wages [ 2920 * 4 ] 11680
   Classroom supplies [ 300 * 57 ] 17100
   Utilities [ 1230 + ( 70 * 4 ) ] 1510
   Campus rent 5000
   Insurance 2200
   Administrative expenses [ 3700 + ( 40 * 4 ) + ( 6 * 57 ) ] 4202
Total expenses 41692
Net operating income 7898
Gourmand Cooking School
Flexible budget
For the month ended September 30
Actual results Revenue and spending variances Flexible budget
Courses 4 4
Students 57 57
Revenue 50170 580 F 49590
Expenses :
   Instructor wages 10960 720 F 11680
   Classroom supplies 18150 1050 U 17100
   Utilities 1920 410 U 1510
   Campus rent 5000 0 None 5000
   Insurance 2340 140 U 2200
   Administrative expenses 3652 550 F 4202
Total expenses 42022 330 U 41692
Net operating income 8148 250 F 7898
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