1 The following information is available for Brownstone Products Company for the month of July Unite Sales revenue Variable manufacturing coats Variable selling and administrative expenses rised manufacturing costs Fixed selling and administrative expenses Required: Actual 3,800 Budget 4,000 53,200 $60,000 19,000 16,000 16,000 7,700 15,000 8,000 10,000 9,000 1. What was the master budget variance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels: a 3.750 units b. 4150 units Complete this question by entering your answers in the tabs below. Required I Required 2 Required 4 What was the master budget variance for July? Was this variance favorable or unfavorable? (Indicate the effect of each variance by selecting "F" for Favorabile, "U" for Unfavorable, and "None" for no effect (i.e., zero variance).) Master budget vananos Repre Required 2 >