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 $ 60,200 $ 60,000 20,000 16,000 14,900 13,900 8,700 10,100 8,000 10,000 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. 3,850 units. b. 4,250 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. 3,850 units. b. 4,250 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 13,900 10,000 $ 23,900 $ 12,100 < Required 2 Required 4 > Show less