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The following is a partially completed performance report for Surf's Up. (Click the icon to view the information.) Read the requirements. 1. How many pools
The following is a partially completed performance report for Surf's Up. (Click the icon to view the information.) Read the requirements. 1. How many pools did Surf's Up originally think they would install in April? The y that Surf's Up planned to sell pools in April. A Requirements 1. How many pools did Surf's Up originally think it would install in April? 2. How many pools did Surf's Up 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. Print Done Data Table Surf's Up Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Flexible Actual Variance Volume Variance Budget Master Budget Sales volume (number of pools installed) $ 120,000 ? $ 125,000 ? $ 100,000 Sales revenue Operating expenses: Variable expenses ? $ ? $ $ 58,000 27,000 61,000 30,700 48,800 30,700 Fixed expenses Total operating expenses
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