The following is a partially completed performance report for Water Side.

4. What was the budgeted sales price per pool? (Round your answer to the nearest whole dollar.) The budgeted sales price is per pool 5. What was the budgeted variable cost per pool? (Round your answer to the nearest whole dollar.) The budgeted variable cost is per pool. 6. Define the flexible budget variance. What causes it? As the name suggests, the flexible budget variance is the difference between the (7). and the (8) Since the (9) and the (10) are based on (11) of output, this variance highlights unexpected revenues and expenses that are caused by factors other than (12) 7. Define the volume variance. What causes it? The volume variance is the difference between the (13) and the (14) The only difference between these two budgets is the (15) Therefore, the volume variance is caused by differences between (16) 8. Fill in the missing numbers in the performance report. Be sure to indicate whether variances are favorable (F) or unfavorable (U). (Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Water Side Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Flexible Actual Variance Budget Volume Variance Master Budget (17) (18) Output units (pools installed) 5 (19) (20) Sales revenue $ 105,000 $ 109,000 $ 87,200 Operating expenses: (21) (22) Variable expenses 55,000 58.000 46,400 (23) (24) Fixed expenses 21,000 24,600 24,600 (25) (26) Total operating expenses