The following is a partially completed performance report for Water Surf. 1. How many pools did Water Surf originally think they would install in April? 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. Data table A 1 B Water Surf E F 2 3 Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 4 Actual Flexible Budget Variance Flexible Budget Volume Master Variance Budget 5 Sales volume (number of pools installed) 5 ? ? ? 6 Sales revenue $ 105,000 ? $ 109,000 ? $ 87,200 7 Operating expenses: 8 Variable expenses 9 Fixed expenses 10 Total operating expenses $ 62,000 ? $ 67,000 ? $ 53,600 27,000 ? 31,300 ? 31,300 ? ? ? ? ?