ces Check my wa Required: 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. 3,860 units. b. 4,260 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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. 3,860 units. b. 4,260 units. Show less A Flexible budget Flexible budget (a.) Master Budget (b.) 3,200 Units Sales $ 60,000 Variable costs 16,000 8,000 $ 0 $ 0 $ 24,000 $ 0 $ 0 $ 36,000 13,000 10,050 $ 0 $ 0 $ 23.050 S 0 $ 0$ 12.950 Required 2 Manufacturing Selling and administrative Total variable costs Contribution margin Fixed costs Manufacturing Selling and administrative Total fixed costs Operating income 2 The following information is available for Brownstone Products Company for the month of July: Master Budget Actual Units 3,900 3,200 Sales revenue $ 54,300 $ 60,000 Variable manufacturing costs 16,000 Fixed manufacturing costs 10,500 12,400 13,000 Variable selling and administrative expenses 7,000 8,000 Fixed selling and administrative expenses 10,200 10,050 Required: 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. 3,860 units. b. 4,260 units. 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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. 3,860 units. b. 4.260 units. Show less A Flexible budget Flexible budget Master Budget (a.) (b.) Units 3.200 Sales S 60.000 Variable costs 16.000 8.000 Mann Manufacturing Selling and administrative wake A The following information is available for Brownstone Products Company for the month of July Master Budget 3,200 Actual 3,900 Units Sales revenue $ 54,300 $ 60,000 Variable manufacturing costs 10,500 16,000 Fixed manufacturing costs 12,400 13,000 Variable selling and administrative expenses 7,000 8,000 Fixed selling and administrative expenses 10,200 10,050 Required: 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 comm terms of operating income. 4. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for two output levels: a. 3.860 units. b. 4.260 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution ra and in terms of operating income. (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorab "None" for no effect (i.e., zero variance).) Flexible-Budget Variance Sales Volume Variance Contribution margin 66 U 28 Operating income 71 U 79 Required 4 > $ $ $
