The following is a partially completed performance report for Water Surf. EEB (Cick 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 Surt planned to selpools in Apil. pools in April. Water Surf Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Flexible Actual Variance Budget Volume Variance Master Budget Sales volume (number of pools installed) Sales revenue $ 120,000 126,000 105,000 Operating expenses: 50,000 Variable expenses Fixed expenses Total operating expenses $ 56,000 60,000 25,000 29,100 29,100 Requirements 1. How many pools did Water Surf originally think it would install in April? 2. How many pools did Water Surf 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