The following is a partially completed performance report for Surf World. (Click the icon to view the information.) Read the requirements. 1. How many pools did Surf World originally think they would install in April? The actual results indicate that Surf World planned to sel pools in April Requirements 1. How many pools did Surf World originally think it would install in April? 2. How many pools did Surf World 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. Surf World 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 $ 62,000 22,000 66,000 26,100 55,000 26,100 Total operating expenses