Requirements 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? A B D E F 1 Pete's Mowing Business Flexible Budget Variance Flexible Budget Volume Variance Master Budget Actual 170 170 75 Flexible Budget Performance Report for June 2 Sales volume (number of mowing jobs) 3 Operating expenses: Variable operating expenses ($10 per job) 5 Fixed operating expenses ($500 per month) 4 $ 1,430 $ 1,320 $ 950 450 500 500 6 Total operating expenses $ 1,880 $ 1,820 $ 1,450 Pete 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: B 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.) Pete's Mowing Business Flexible Budget Variance Flexible Master Budget Volume Variance Budget Flexible Budget Performance Report for June Actual Sales volume (number of mowing jobs) 170 170 75 Operating expenses: Variable operating expenses ($10 per job) $ 1,430 $ 1,320 950 450 500 500 Fixed operating expenses ($500 per month) $ 1,880 $ 1,820 $ 1,450 Total operating expenses