The following information is available for Brownstone Products Company for the month of July:

Required:

What was the total operating income variance for July? $($Note: this variance is also called the master $($static$)$ budget variance for the

period.$)$ Was this variance favorable $($F$)$ or unfavorable $($U$)?$

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.

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$.3,770$ units.

b$.4,170$ units.

Complete this question by entering your answers in the tabs below.

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 $($i$.$e$.,$ zero variance$).)$