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Have Fun instaled eight pools during May. Prepare an income statement pedormance report for Have Fun for Moy, using the table below as a guide. (Click the icon to view the table.) Assume that the actual sales price per pool is $13,400, actual variable expenses total $61,500, and actual foxod expenses are $19,900 in May. The master butget was prepared with the following assumptors: varable cost of $6,100 per peol, foed expenses of $20,000 per month, and anticipated sales volume of seven pools at $13.400 per pool. Reguirement 1. Compute the sales volume variance and foxble budget variance. Uee these variances to oxplain to Have Fun's management why May's operating income dffers from operating income shown in the static bodget. Requirement 1. Compute the sales volume variance and fexble budget variance. Use these variances to enplain to Have Fur's management why May's operating intome diffors from cocenting income shown in the static budget. Prepare an income statement report for Have Fun for May. (For accounts whth a zero balance, make sure to enter "e" in the appropriate column. Label nach variance as favourable (F) or unfavourable (U). If the variance is zero, do not select a iabel.) Use the sales volume varunce and flexble budget variance to explain to Have Furis management why May's operating income differs trom operaling income ahown in the statie budget. Hare Fur's actual operating income was 1 the stacic budget. There are Awo primacy reasons: 1. Hare Fun actualy instaled poel than expected. This operating income by 1 2. Have Fur's actual expentes to instal 8 pools wene 1 than they should have been to instak o poola. This fienble budget varance means that Haver Fun do a fob controling oost Data table