S10-12 (similar to) 3 Question Help The following is a partially completed performance report for Surf Time. B (Click the icon to view the information.) Read the requirements. * Requirements 1. How many pools did Surf Time originally think they would install in April? The that Surf Time planned to sell pools in April. actual results indicate flexible budget indicates master budget indicates 1. How many pools did Surf Time originally think it would install in April? 2. How many pools did Surf Time actually install in April? 3. How many pools is the flexible budget based on? Why? 4. What was the budgeted sales price per pool? 5. What was the budgeted variable cost per pool? 6. Define the flexible budget variance. What causes it? 7. Define the volume variance. What causes it? 8. Fill in the missing numbers in the performance report. Print Done Data Table Surf Time Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Actual Flexible Budget Variance ? Flexible Budget ? Volume Variance Master Budget Sales volume (number of pools installed) 5 Sales revenue $ 120,000 ? $ 125,000 ? 100,000 $ 62,000 22,000 Operating expenses: Variable expenses Fixed expenses Total operating expenses ? ? $ 66,000 26,300 ? ? $ 52,800 26,300 Print Done