The following information is available for Brownstone Products Company for the month of July: Master Actual Units Budget Sales revenue 3,600 4,000 $ 53,800 $ 60,000 Variable manufacturing costs Fixed manufacturing costs 19,60 16,00 14,50e Variable selling and administrative expenses 13,500 8,300 8,000 Fixed selling and administrative expenses 9,700 9,600 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. 3,810 units. b. 4.210 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 (ezero variance).) Master budget variano RE Required 2 > The following information is available for Brownstone Products Company for the month of July Master Actual Units Budget Sales revenue 3,6ee 4,000 $ 53,880 $ 60,000 Variable manufacturing costs 19,660 16.ee Fixed manufacturing costs 14,5ee 13,500 Variable selling and administrative expenses 8,3ee 8,eee Fixed selling and administrative expenses 9,700 9,600 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. 3.810 units b.4.210 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 (l.e., pero variance).) Flexible Budget Variance Sales Volume Variance Contribution margin Operating income The following information is available for Brownstone Products Company for the month of July Master Units Actual Budget Sales revenue 3,680 4,000 Variable manufacturing costs $ 53, 550.00 Fixed manufacturing costs 19.600 16.000 14.See 13,500 Variable selling and administrative expenses 8.See 8.000 Fixed selling and administrative expenses 9.700 9.680 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. 3.810 units b. 4.210 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 flexoble budget for each of the following two output levels a. 3.810 units b. 4,210 units. Show less Flexible budget Flexible budget [b] Master Budget 4,000 5 30.000 Units Sales Variable costs Manufacturing Selling and administrative Total variable costs Contribution margin Fibed bosts Manufacturing Selling and administrative Total foued costs Operating income 10,000 8.000 05 24,000 O 530,000 $ $ 05 0 5 13.500 9,000 23.100 12.000 5 5 05 05 05 O 5