X SIU-12 (Sul U) The following is a partially completed performance report for Water Surf (Click the icon to view the information.) Read the requirements and the flexible budget. The only difference between these two budgets is the volume of its on which The volume variance is the difference between the master budget by differences between actual and expected volume 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 Labels variance is make sure to enter in a "0" A variance of ero is considered favorable) Water Surf Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Variance Flexible Budget Actual Volume Variance Master Budget Output units (pools installed) $ 100,000 1 $ 104,000 83,200 Sales revenue Operating expenses Variable expenses Fixed expenses 62,000 21,000 68,000 24 800 54,400 24,800 Total operating expenses Water Surf Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Flexible Budget Actual Variance Volume Variance Master Budget Sales volume (number of pools installed) $ 100,000 104,000 $ 83,200 Sales revenue Operating expenses: Variable expenses $ 62,000 21,000 68,000 24,800 54,400 24,800 Fixed expenses Total operating expenses Print Done