Surf Side Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Actual Flexible Budget V ariance ? Flexible Budget ? Master Budget Volume Variance ? Sales volume (number of pools installed) 5 $ 104,000 ? $ 109,000 $ 87,200 Sales revenue Operating expenses: Variable expenses $ 60,000 20,000 65,000 23,600 52,000 23,600 Fixed expenses Total operating expenses 1. How many pools did Surf Side originally think it would install in April? 2. How many pools did Surf Side 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. The following is a partially completed performance report for Surf Side. 2 (Click the icon to view the information.) Read the requirements. 1. How many pools did Surf Side originally think they would install in April? The that Surf Side planned to sell pools in April. actual results indicate flexible budget indicates master budget indicates