The following information is available for Brownstone Products Company for the month of July Master Actual Budget Units 3,800 4, eee Sales revenue $ 54, see $ 60,000 Variable manufacturing costs 20,600 16, eee Fixed manufacturing costs 13,800 13,500 Variable selling and administrative expenses 9,300 8, eee Fixed selling and administrative expenses 18,700 10,380 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 3,910 units b. 4,310 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 ( e., zero variance).) Master budget variatico (Required 1 Required 2 >