The Flowing Balloon Company Flexible Budget Performance Report For the Month Ended December 31 Flexible Master Budget Flexible Volume Master Budget Actual Variance Budget Variance Budget Variance Sales volume Sales revenue Less: Variable expenses Contribution margin Less: Fixed expenses III Operating income The following is a partially completed performance report for Water Side. (Click the icon to view the information.) + Data Table Read the requirements. 1. How many pools did Water Side originally think they would install in April? Water Side Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 The that Water Side planned to sell i Requirements Flexible Budget Flexible Actual Variance Budget Volume Variance Master Budget Sales volume (number of pools installed) 5 ? $ 105,000 ? $ 111,000 111,000 ? $ 88,800 1. How many pools did Water Side originally think it would install in April? 2. How many pools did Water 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. Sales revenue Operating expenses: Variable expenses $ $ $ 55,000 22,000 ? ? 57,000 26,400 ? ? 45,600 26,400 Fixed expenses Total operating expenses Print Done