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 expenses Fixed selling and administrative expenses Required: Actual 3,900 Master Budget 4,000 $ 60,400 $ 60,000 20,400 16,000 14,200 13,300 9,100 10,500 8,000 10,200 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. 3,890 units. b. 4,290 units. Answer is not complete. 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. 3,890 units. b. 4,290 units. Units Sales Flexible budget (a.) Flexible budget (b.) Master Budget 3,900 100 4,000 $ 58,500 $ 1,900 $ 60,000 Variable costs: Manufacturing 15,600 4,800 16,000 Selling and administrative 7,800 ( 8,000 Total variable costs $ 23,400 $ 4,800 $ 24,000 Contribution margin $ 35,100 $ (2,900) $ 36,000 Fixed costs: Manufacturing 13,300 900 13,300 Selling and administrative 10,200 300 10,200 Total fixed costs $ Operating income $ 23,500 $ 11,600 $ 1,200 $ 23,500 (4,100) $ 12,500 Show less