1. How many pools did Surf's Up originally think they would install in April?

2. How many pools did Surf's Up actually install in April?

3. How many pools is the flexible budget based on? Why?

The flexible budget for performance reports is always based on the							output for the month. This is done so
that managers can compare						, meaning they can compare

4. What was the budgeted sales price per pool?

5. What was the budgeted variable cost per pool?

Data table A B D E F. 1 Surf's Up 2 3 Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Flexible Volume Actual Variance Budget Variance Master Budget 4 5 Sales volume (number of pools installed) 6 ? ? ? 5 6 Sales revenue $ 100,000 ? $ 105,000 ? $ 87,500 7 Operating expenses: 8 Variable expenses $ 58,000 ? $ 60,000 ? $ 50,000 9 Fixed expenses 20,000 ? 24,100 ? 24,100 10 Total operating expenses ? ? ? ? ? Print Done 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 Vare 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? Therefore, the volume variance is caused or unfavorable (U). If the The volume variance is the difference between the and the V. The only difference between these two budgets is the by differences between 8. Fill in the missing numbers in the performance report. Be sure to indicate whether variances are favorable (F) or unfavorable (U). (Enter the variances as po! variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Surf's Up Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 sales price per unit total fixed costs variable costs per unit volume of units on which they are based Flexible Budget Flexible Actual Varlance Budget Volume Variance Master Budget 5 Output units (pools installed) 6 S 100,000 $ $ 105,000 II S 87,500 Sales revenue Operating expenses: Variable expenses Fixed expenses 60,000 50,000 58,000 20.000 24,100 24.100 Total operating expenses