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The following is a partially completed performance report for Water Side.

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How many pools did Water Side originally think they would install in April?

The $$ that Water Side planned to sell $$ pools in April.

$2.$ How many pools did Water Side actually install in April?

The $$ that Water Side installed

$3.$ How many pools is the flexible budget based on$?$ Why?

The flexible budget for performance reports is always based on the that managers can compare

$]$o

$(6)$

Therefore, Water Side's flexible budget is based on $$ pools.

$4.$ What was the budgeted sales price per pool? $($Round your answer to the nearest whole dollar.$)$

The budgeted sales price is $$ per pool.

$5.$ What was the budgeted variable cost per pool? $($Round your answer to the nearest whole dollar.$)$

The budgeted variable cost is $$ per pool.

$6.$ Define the flexible budget variance. What causes it$?$

As the name suggests, the flexible budget variance is the difference between the $(7)$ and the $$ and the $(10)$ are based on

$$ of output, this variance highlights unexpected revenues and expenses that are caused by factors other than $(12)$

$7.$ Define the volume variance. What causes it$?$

The volume variance is the difference between the $(13$ and the $$ The only difference between these two budgets is the $(15)$ Therefore, the volume variance is caused by differences between $(16)$

$8.$ 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. Label each variance as favorable $($F$)$ or unfavorable $($U$),$ in the input field after the amount you enter. If the variance is $0,$ make sure to enter in a $"0".$ A variance of zero is considered favorable.$)$

Water Side

Flexible Budget Performance Report: Sales and Operating Expenses

For the Year Ended April $30q,$

Flexible Budget

Flexible

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