The following is a partially completed performance report for Water Surf. (Click the icon to view the information.) Read the requirements. 1. How many pools did Water Surf originally think they would install in April? The that Water Surf planned to sell pools in April. 2. How many pools did Water Surf actually install in April? The that Water Surf installed pools in April. 3. How many pools is the flexible budget based on? Why? The flexible budget for performance reports is always based on the output for the month. This is done so that managers can compare , meaning they can compare 10 Therefore, Water Surf's flexible budget is based on pools. 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 flexble budget variance is the difference between the of output, this variance highlights unexpected revonues and expenses that are caused by factors other than 7. Dotine the volume variance. What causes it? The volume variance is the dilerence between the and the The only difference between these two budgets is the . Therefore, the volume variance is caused by differences between 8. Fit in the mitsing numbers in the perlormanoe report. Be sure to indicale whether varianoss are tavorable (F) or undavorable (U). (Entor the variances an positive numbers. Label each variance favorable (F) or untavorabie (U). If the variance is 0 , make sure to enter in a " O '. A variance of zero is contidered favorable.) Data table