Heitkamp Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers), namely student and course. The school uses the following data in its budgeting: 
In July, the school budgeted for 1,530 students and 58 courses. The school's income statement showing the actual results for the month appears below: 
Required:
Prepare a report showing the school's activity variances for July. Label each variance as favorable (F) or unfavorable (U).
Definitions:
Binary Search
An efficient algorithm for finding an item from a sorted list of items, by repeatedly dividing in half the portion of the list that could contain the item.
Sorted List
A list that maintains its elements in a sorted order, either ascending or descending, making it efficient for operations like searching.
Maximum Comparisons
The term usually refers to the highest number of comparisons required to complete an operation, often used in the context of sorting and searching algorithms.
Binary Search
A searching algorithm that finds the position of a target value within a sorted array by repeatedly dividing in half the portion of the list that could contain the target value.
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