FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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1. How many pools did Surf Side originally think it would install in April?
2. How many pools did Surf Side 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.
Transcribed Image Text:The following is a partially completed performance report for Surf Side.
E (Click the icon to view the information.)
Read the requirements.
1. How many pools did Surf Side originally think they would install in April?
The
that Surf Side planned to sell
pools in April.
Transcribed Image Text:Data Table
A
E
F
1
Surf Side
2
Flexible Budget Performance Report: Sales and Operating Expenses
For the Year Ended April 30
Flexible Budget
Flexible
Budget
Volume
Master
Budget
4
Actual
Variance
Variance
5 Sales volume (number of pools installed)
?
4
$ 100,000
$ 106,000
$ 84,800
6 Sales revenue
?
7 Operating expenses:
Variable expenses
$ 58,000
$ 61,000
$ 48,800
?
Fixed expenses
21,000
25,300
25,300
10 Total operating expenses
?
?
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