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 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 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. 3,850 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. Flexible budget Flexible budget Master Budget (a.) (b.) Units 4,000 Sales $ 60,000 Variable costs: Manufacturing 16,000 Selling and administrative 8,000 Total variable costs $ 0 $ 0 $ 24,000 Contribution margin $ 0 $ 0 $ 36,000 Fixed costs: Manufacturing 13,900 Selling and administrative 10,000 Total fixed costs $ 0 $ 0 $ 23,900 Operating income $ 0 $ 0 $ 12,100 < Required 2 Required 4 Show less