The following information is available for Brownstone Products Company for the month of July: Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expensers Pixed selling and administrative expenses Master Actual Budget 3,800 4,000 $53,200 $60,000 19,000 16,000 16,000 15,000 7,700 8,000 10,000 9,000 Required: 1. What was the total operating income variance for July? (Note: this variance is also called the master (static) budget variance for the period.) Was this variance favorable (F) or unfavorable (U)? 2. Comp 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. 4,150 units. ute the July sales volume variance and the flexible-budget variance for the month, both in terms of Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 4 What was the total operating income variance for July? (Note: this variance is also called the master (static) budget varian for the period.) Was this variance favorable (P) or unfavorable (u(dcae the effect of each variance by selecting favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance).) Total operating variance