Sam 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.) X Read the requirements. Requirements 1. What is the volume variance for total operating expenses? Favorable or unfavorable? Complete the flexible budget performance report. (E 2. What is the flexible budget variance for total operating expenses? Favorable or unfavorable? ter in a "0". A variance of zero is considered favorable.) 3. What is the master budget variance for total operating expenses? Favorable or unfavorable? Sam's Mowing Business Print Done Data table A B C D E F 1 Sam's Mowing Business Flexible Budget Flexible Volume Master Flexible Budget Performance Report for June Actual Variance Budget Variance Budget 2 Sales volume (number of mowing jobs) 125 125 100 3. Operating expenses: A Variable operating expenses ($10 per job) $ 1,370 $ 1,250 $ 1,000 5 Fixed operating expenses ($500 per month) 475 500 500 6 Total operating expenses $ 1,845 $ 1,750 $ 1,500 Print