The following information is available for Brownstone Products Company for the month of July ActualMaster Budget Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 3,900 $53,900 10,300 12,200 6,800 8,300 3,200 $60,000 16,000 13,600 8,000 9,700 Required 1. Compute the July sales volume variance and the flexible-budget variance for the month in terms of both contribution margin and 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). Input all amounts as positive values.) les Volume Variance XI Variance Contribution margin Operating income 3. Prepare pro forma budgets for activities within its relevant range of operations and prepare a flexible budget for each of the following two output levels a. 3,820 units. b. 4,220 units exibl budget (a.) budget (b.) exibl ster Bud Units Sales Variable costs 3,200 S 60,000 16,000 8,000 $ 24,000 $ 36.000 Manufacturing Selling and administrative Total variable costs Contribution margin Fixed costs 0 $ 13,600 9,700 $ 23.300 $ 12.700 Manufacturing Selling and administrative Total fixed costs Operating income The following information is available for Brownstone Products Company for the month of July ActualMaster Budget Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 3,900 $53,900 10,300 12,200 6,800 8,300 3,200 $60,000 16,000 13,600 8,000 9,700 Required 1. Compute the July sales volume variance and the flexible-budget variance for the month in terms of both contribution margin and 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). Input all amounts as positive values.) les Volume Variance XI Variance Contribution margin Operating income 3. Prepare pro forma budgets for activities within its relevant range of operations and prepare a flexible budget for each of the following two output levels a. 3,820 units. b. 4,220 units exibl budget (a.) budget (b.) exibl ster Bud Units Sales Variable costs 3,200 S 60,000 16,000 8,000 $ 24,000 $ 36.000 Manufacturing Selling and administrative Total variable costs Contribution margin Fixed costs 0 $ 13,600 9,700 $ 23.300 $ 12.700 Manufacturing Selling and administrative Total fixed costs Operating income