The volume variance is the difference between the master budget and the flexible budget. The...
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The volume variance is the difference between the master budget and the flexible budget. The only difference between these surm vonta 8. Fill in the missing numbers in the performance report. Be sure to indicate whether variances are favorable (F) or unfavorable (U). (Ente Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Surf World Flexible Budget Performance Report: Sales and Operating Expenses For the Year Ended April 30 Flexible Budget Variance Flexible Budget Actual Volume Variance Master Budget Sales volume (number of pools installed) Flexible Budget Variance Actual Flexible Budget N Volume Variance Master Budget Output units (pools installed) 5 N $ 120,000 ? $ 126,000 ? $ 100,800 Sales revenue Operating expenses: Variable expenses Fixed expenses $ 120,000 C O $ 126,000 C O $ 100,800 $ $ $ 65,000 22,000 ? ? 69,000 26,000 ? ? Sales revenue Operating expenses: Variable expenses 55,200 26,000 Total operating expenses 65,000 22,000 69,000 26,000 55,200 26,000 Fixed expenses N Total operating expenses Print Done
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