The following is a partially completed performance report for Surf Time (Click the icon to view the information.) Read the requirements Flexible Budget Variance Flexible Budget Actual Volume Variance Master Budget Output units (pools installed) 6 Sales revenue $ 110,000 D $ 114,000 95.000 Operating expenses Variable expenses Fixed expenses O 54,000 27.000 60,000 30,700 50.000 30,700 Total operating expenses Choose from any list or enter any number in the input fields and then click Check Answer For the Year Ended April 30 Flexible Budget Variance Flexible Budget Actual Volume Variance Master Budget Sales volume (number of pools installed) $ 110,000 114.000 95,000 $ Sales revenue Operating expenses Variable expenses Fixed expenses Total operating expenses 54,000 27.000 60,000 30.700 50,000 30,700 Requirements 1. How many pools did Surf Time originally think it would install in April? 2. How many pools did Surf Time 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