The following is a partially completed performance report for Surf Time. (Click the icon to view the information.) Read the requirements. 1. How many pools did Surf Time originally think they would install in April? The that Surf Time planned to sell pools in April. 2. How many pools did Surf Time actually install in April? The that Surf Time installed pools in April. 3. How many pools is the flexible budget based on? Why? The flexible budget for performance reports is always based on output for the month. This is done the so that managers can compare , meaning they can to Therefore, Surf Time's flexible budget is based on pools. 4. What was the budgeted sales price per pool? (Round your answer to the nearest whole dollar.) The budgeted sales price is per pool. 5. What was the budgeted variable cost per pool? (Round your answer to the nearest whole dollar.) The budgeted variable cost is per pool. 6. Define the flexible budget variance. What causes it? As the name suggests, the flexible budget variance is the difference between the and the Since the and the are based on of output, this variance highlights unexpected revenues and expenses that are caused by factors other than 7. Define the volume variance. What causes it? The volume variance is the difference between the and the The only difference between these two budgets is the Therefore, the volume variance is caused by differences between Fixed expenses 26,000 30,400 30,400 Total operating expenses