10-12 (similar to) The following is a partially completed performance report for Surf Land * Data Table Surf Land Plexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Flexible Budget Volume Variance Master Budget Actual Variance Sales volume (number of pools installed) 92.000 115,000 110.000 Sales revenue Operating expenses Variable expenses Fixed expenses 49,600 31,400 $ 62.000 31.400 58,000 27.000 le Budget Darformanca Ranart. Sales and Onaratina Evansas 0 Requirements 1. How many pools did Surf Land originally think it would install in April? 2. How many pools did Surf Land 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. Print Done