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Answer the following: HaveFun installed eleven pools during March. Prepare an income statement performance report for HaveFun for March, using the table below as a

Answer the following:

HaveFun

installed

eleven

pools during

March.

Prepare an income statement performance report for

HaveFun

for

March,

using the table below as a guide.

image text in transcribedimage text in transcribed
Have Fun Pools Income Statement Performance Report Month Ended June 30 (2) (3) (4) (5) (1)-(3) Flexible (3)-(5) Actual Budget Results Flexible for Actual Sales Static at Actual Budget Number of Volume (Master) Prices Variance Output Units Variance Budget Output units (pools installed) 10 10 2F 8 Sales revenue $ 121.000 $1,000 F $ 120,000 $24,000 F $ 96,000 Variable expenses 83,000 3,000 U 80,000 16,000 U 64,000 Fixed expenses 22,000 2,000 U 20,000 -O 20,000 Total expenses 105.000 5.000 U 100,000 16,000 U 84,000 Operating income 16,000 $4,000 U $ 20,000 $ 8,000 F $12,000Have Fun Pools Income Statement Performance Report Month Ended March 31 Flexible Budget for Actual Results at Flexible Budget Actual Number of Sales Volume Static (Master) Actual Prices Variance Output Units Variance Budget Output units Sales revenue Variable expenses Fixed expenses Total expenses Operating income

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