Requirements Master Budget D E 1 Water Surt 2 Flexible Budget Performance Report Sales and Operating Expenses 3 For the Year Ended April 30 Flexible Budget Flexible Volume 4 Actual Variance Budget Variance Sales volume (number of pools installed 5 7 2 6 Sales revenue S 120.000 2 5 125.000 > 7. Operating expenses Variable expenses $ 55.000 2 $50.000 Fixed expenses 25.000 ? 29 100 7 10 Total operating expenses 7 2 4 1. How many pools did Water Surf originally think it would instant 2. How many pools did Water Surfactually in April 3. How many pools is the fete budget based on? Why 4. What was the budgeted sales price per pool? 5. What was the budgeted variable cost per poor? 6. Define the flexible budget variance. What causes? 7. Define the volume variance. What causes B. Fin the missing numbers in the performance report $ 100,000 547200 20.00 Print Done 7 1. How many pools did Water Surf originally think it would install in April? 2. How many pools did Water Surf 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