Read the requirements 1. How many pools did Surf Time originally think they would install in Apri The that Surf Time planned to sell 2. How many pools did Surf Time actually install in April? The that Surf Time installed 3. How many pools is the flexible budget based on? Why? The flexible budget for performance reports is always based on the that managers can compare to Therefore, Surf Time's flexible budget is based on pools. B D 1 Surf Time 2 pools in Apri 3 Flexible Budget Performance Report: Sales and Operating B For the Year Ended April 30 Flexible Budget 4 Actual Variance Flexible Budget pools in April Sales volume (number of 5 pools installed) S ? P 6 Sales revenue $110,000 ? 5 114,000 output for the month. This is done so meaning they can compare 7 Operating expenses 8 Variable expenses $ 55,000 ? 9 Fixed expenses 27,000 ? $ 58,000 31,100 10 Total operating expenses ? 7 7 4. What was the budgeted sales price per pool? (Round your answer to the nearest whole dollar) The budgeted sales price is per pool 5. What was the budgeted variable cost per pool? (Round your answer to the nearest whole dollar) The budgeted variable cost is Calculator per pool. Print Done Data table A 1 2 3 B C D E F Surf Time Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Actual Variance Flexible Volume Master Budget Variance Budget Sales volume (number of 5 pools installed) 5 ? ? ? $ 110,000 ? $ 114,000 ? $ 91,200 6 Sales revenue. th. This is done so 7 Operating expenses: $ 55,000 ? $ 58,000 ? $46,400 8 Variable expenses 27,000 ? 31,100 ? 31,100 9 Fixed expenses ? ? ? ? ? 10 Total operating expenses The folowing is a partially completed performance report for Te (Click the icon to view the information) Read the ent Define the flexible budget variance. What causes a As the name suggests, the flexibile budget variance is the difference between the unexpected revenues and expenses that are caused by factors other than 7. Define the volume variance. What causes? The volume vacancel the difference between the and the Snothe The only difference between these two budgets is the by difference between 8. Fill in the missing numbers in the performance report. Be sure to indicate whether variances are favorable (T) or unfavorable (U) ( the vertina as positive nunters Label hverance (2) variance is 0. make sure to enter in a "A variance of zero is considered eve Calculator Surf Time Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexbug Flexible Actual Variance Budget Volume Variance Master Budget $ 110.000 $114.000 11.200 MacBook Air Next V C FRESHL AR row Read the requirements. The volume variance is the difference between the by differences between and the The only difference between these two budgets is the Therefore, th 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 positive numbers. Label each variance as favorable (F) or i variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Surf Time Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Actual Variance Output units (pools installed) 5 110,000 Flexible Budget Volume Variance Master Budget 114,000 $1,200 Sales revenue Operating expenses: Variable expenses 55,000 58.000 46,400 Fixed expenses 27,000 31,100 31,100 Total operating expenses Calculator