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: (Click the icon to view the performance report.) Read the requirements 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 Requirements Flexible Budget Performance Report for June Sales volume (number of mowing jobs) Actual 170 Flexible Master Budget Volume Variance Budget 170 65 1. What is the volume variance for total operating expenses? Favorable or unfavorable? 2. What is the flexible budget variance for total operating expenses? Favorable or unfavorable? 3. What is the master budget variance for total operating expenses? Favorable or unfavorable? S 1,390 $ 1,300 S Operating expenses: Variable operating expenses ($10 per job) Fixed operating expenses ($500 per month) Total operating expenses 940 450 500 500 S 1.840 $ 1.800 $ 1,440 Print Data Table Done A B D E F 1 Jim's Mowing Business Actual Flexible Budget Flexible Volume Variance Budget Variance Master Budget 65 170 170 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 $ 1,390 S 1,300 S 940 450 500 500 $ 1,840 S 1,800 S 1,440