The following information is available for Brownstone Products Company for the month of July:

Required:

What was the master budget variance for July? Was this variance favorable or unfavorable?

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.

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$.3,780$ units.

b$.4,180$ units.

Answer is complete but not entirely correct.

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