The following is a partially completed performance report for Surf Land. (Click the icon to view the information.) Read the requirements. 1. How many pools did Surf Land originally think they would install in April? The master budget indicates that Surf Land planned to sell 2. How many pools did Surf Land actually install in April? 4 pools in April. The acutal results indicate that Surf Land installed 5 pools in April. 3. How many pools is the flexible budget based on? Why? The flexible budget for performance reports is always based on the that managers can compare output for the month. This is done so , meaning they can compare to Therefore, Surf Land's flexible budget is based on pools. 1 23 B Surf Land D E Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 4 5 Sales volume (number of pools installed) 6 Sales revenue 7 Operating expenses: 14 Variable expenses 8 9 Fixed expenses 10 Total operating expenses Actual Flexible Budget Variance Flexible Volume Budget Variance Master Budget 5 ? ? ? 4 $ 110,000 ?. $ 118,000 ? $ 94,400 $ 56,000 ? $ 62,000 ? $ 49,600 20,000 2 24,400 ? 24,400