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The following is a partially completed performance report for Water Land. (Click the icon to...

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The following is a partially completed performance report for Water Land. (Click the icon to view the information.) Read the requirements. 1. How many pools did Water Land originally think they would install in April? Requirements The that Water Land planned to sell pools in April. Data Table 1. How many pools did Water Land originally think it would install in April? 2. How many pools did Water Land 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. A B D E 1 Water Land 2 Flexible Budget Performance Report: Sales and Operating Expenses 3 Print Done For the Year Ended April 30 Flexible Budget Actual Variance Flexible Budget Volume Variance Master Budget 4 5 Sales volume (number of pools installed) 5 ? ? ? 4 6 Sales revenue $ 100,000 ? $ 107,000 ? $ 85,600 7 Operating expenses: 8 Variable expenses $ 56,000 ? $ 61,000 ? $ 48,800 9 Fixed expenses 20,000 ? 24,300 ? 24,300 10 Total operating expenses

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