The following is a partially completed performance report for Water Side. Click the icon to view the information.) Read the requirements. 1. How many pools did Water Side originally think they would install in April? The that Water Side planned to sell pools in April. 2. How many pools did Water Side actually install in April? The that Water Side 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 to Therefore, Water Side'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. The following is a partially completed performance report for Water Side. (Click the icon to view the information.) Read the Therefore, Water Side'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 flexible budget variance is the difference between the and the . Since the and the are based on of output, this variance highlights unexpected revenues and expenses that are caused by factors other than 7. Define the volume variance. What causes it? The volume variance is the difference between the and the The only difference between these two budgets is the Therefore, the volume variance is caused by differences between 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.) 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 Data table