% S10-12 (similar to) Data Table Water Side Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Variance Flexible Budget Actual Volume Variance Master Budget Sales volume (number of pools installed) $ 110,000 117,000 97,500 Sales revenue Operating expenses: Variable expenses Fixed expenses $ ? $ 55,000 22.000 60,000 25,800 50,000 25,800 Total operating expenses 1. How many pools did Water Side originally think they would install in April? The master budget indicates that Water Side planned to sell 5 pools in April 2. How many pools did Water Side actually install in April? The acutal results indicate that Water Side installed 6 pools in April. 3. How many pools is the flexible budget based on? Why? actual output for the month. This is done so meaning they can compare The flexible budget for performance reports is always based on the that managers can compare apples-to-apples actual revenues and expenses to revenues and expenses they would expect to achieve given the same volume Therefore, Water Side's flexible budget is based on 6 pools. 4 What was the budgeted price per pool? (Round your answer to the nearest whole dar) The budgeted sales prices $ 19.500 per pool 5. What was the budgeted variable cost per pool? (Round your answer to the whole dar) The budgeted variable costs $ 10.000 per pool 6. Define the flexible budget variance. What causesc? Since the actual results and the exible budget are based on the same volume of output, this As the name suggests the excl budget variance is the difference between the tex ble budget and the actual results ance highlightsnexpected revenues and expenses Patare ed by factors other than volume w 7. Define the volume variance. What causes ? and the flexible budget. The only once between these two budget is the volume of units on which they are based. Therefore, the volume The volume and is the difference between the master budget variance is caused by differences between actual and expected volume F i gure performant Denie w torna a foscoridade ariances are favorable For vorable W ide $ 110.000