A B D E F 1 Surf Land 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended April 30 Flexible Budget Actual Variance 4 Flexible Budget Volume Variance 4 Master Budget 5 Sales volume (number of pools installed) 5 ? ? ? 4 6 Sales revenue $ 120,000 ? $ 129,000 ? $ 103,200 7 Operating expenses: 8 Variable expenses $ 58,000 ? $ 64,000 ? $ 51,200 9 Fixed expenses 23,000 ? 26,800 ? 26,800 10 Total operating expenses ? ? ? ? ? 1. How many pools did Surf Land originally think it would install in April? 2. How many pools did Surf Land actually install in April? 3. How many pools is the flexible budget based on? Why? 4. What was the budgeted sales price per pool? 5. What was the budgeted variable cost per pool? 6. Define the flexible budget variance. What causes it? 7. Define the volume variance. What causes it? 8. Fill in the missing numbers in the performance report