The following information is available for Brownstone Products Company for the month of July: Units Sales revenue Variable manufacturing costs Actual 3,500 $ 54,300 10,000 Master Budget 4,000 $ 60,000 16,000 Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 13,000 6,500 14,000 8,000 8,000 9,100 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. 3,560 units b. 3,980 units. Complete this question by entering your answers in the tabs below. Required 1 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 Favorable, "U" for Unfavorable, and "None" for no effect (i.e., zero variance).) Mastir budget variance Required 1 Required 2 > The following information is available for Brownstone Products Company for the month of July: Unite Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Master Budget 4,000 Actual 3,500 $ 54,300 $ 60,000 10,000 16,000 13,000 14,000 6,500 8,000 8,000 9,100 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. 3,560 units. b. 3,980 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 margin and in terms of operating income. (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorable, and "None" for no effect (ie., zero variance).) Contribution margin Operating income Flexible-Budget Variance Sales Volume Variance 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. 3,560 units. b. 3,980 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. 3,560 units. b. 3,980 units. Units Sales Variable costs: Manufacturing Selling and administrative Total variable costs Contribution margin. Fixed costs Manufacturing Selling and administrative Total fixed costs Operating income Flexible budget Flexible budget Master Budget (a.) (b.) 4,000 $ 60,000 16,000 8,000 $ 24,000 $ 36,000 14,000 9,100 $ 23,100 $ 12,900