Jim operates his own summer lawn-mowing company using a truck and equipment dedicated solely to business operations. Complete the flexible budget performance report below to answer the following questions: E: (Click the icon to view the performance report.) Read the requirements TO Complete the flexible budget performance report. (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Jim's Mowing Business Flexible Budget Variance Volume Variance Flexible Budget 180 Master Budget Actual Flexible Budget Performance Report for June Sales volume (number of mowing jobs) 180 95 - X Data table Operating expenses: Variable operating expenses ($10 per job) $ 950 $ 1,420 425 $ 1,290 500 500 Fixed operating expenses ($500 per month) A B D E E F $ 1,845 $ 1,790 Total operating expenses $ 1,450 1 Jim's Mowing Business 1. What is the volume variance for total operating expenses? Favorable or unfavorable? Flexible Budget Variance Actual Flexible Volume Master Budget Variance Budget 180 95 The volume variance for total operating expenses is 180 2. What is the flexible budget variance for total operating expenses? Favorable or unfavorable? Flexible Budget Performance Report for June 2 Sales volume (number of mowing jobs) 3 Operating expenses: 4 Variable operating expenses ($10 per job) 5 Fixed operating expenses ($500 per month) 6 Total operating expenses $ 1,420 $ 1,290 $ 950 The flexible budget variance for total operating expenses is 425 500 500 $ 1,845 $ 1,790 $ 1,450 3. What is the master budget variance for total operating expenses? Favorable or unfavorable? The master budget variance for total operating expenses is Print Done