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The following is a partially completed performance report for Water Side. View the information. Read...

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Question

Accounting

The following is a partially completed performance report for Water Side. View the information.
Read the requirements.
Information
Water Side
Flexible Budget Performance Report: Sales and Operating Expenses
For the Year Ended April 30
\table[[,Actual,\table[[Flexible Budget],[Variance]],\table[[Flexible],[Budget]],\table[[Volume],[Variance]],\table[[Comprehensive],[Budget]]],[Sales volume (number of pools installed),,5,?,?,?,,4],[Sales revenue,$,120,000,?,$125,000,?,$,100,000],[Operating expenses:],[Variable expenses,$,56,000,?,$61,000,?,$,48,800],[Fixed expenses,,21,000,?,24,600,?,,24,600],[Total operating expenses,,?,?,?,?,,?]]
Requirements
How many pools did Water Side originally think it would install in April?
How many pools did Water Side actually install in April?
How many pools is the flexible budget based on? Why?
What was the budgeted sales price per pool?
What was the budgeted variable cost per pool?
Define the flexible budget variance. What causes it?
Define the volume variance. What causes it?
Fill in the missing numbers in the performance report.
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