Water Surf Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Flexible Budget Variance Budget Volume Variance Actual Master Budget 5 4 5 Output units (pools installed) $ 120,000 96,000 $ 115,000 Sales revenue Operating expenses Variable expenses 63,000 50,400 58,000 27,000 31,300 31,300 Fixed expenses Total operating expenses A B D E F Master Budget 1 Water Surf 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 For the Year Ended April 30 Flexible Budget Flexible Volume 4 Actual Variance Budget Variance Sales volume (number of pools 5 installed) 5 ? ? ? 6 Sales revenue $ 115,000 ? $ 120,000 ? 7 Operating expenses: 8 Variable expenses $ 58,000 ? $ 63,000 ? 9 Fixed expenses 27,000 ? 31,300 ? 4 $ 96,000 ? 2 $ 50,400 31,300 10 Total operating expenses ? 2