The following information is available for Brownstone Products Company for the month of July Master Budget Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Actual 3, see $ 53,600 19,480 14,300 8,100 9, See 4.ee $ 60,000 26, Bee 13,30 8.80 9,400 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 3,790 units b. 4,190 units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 BE Next 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. 3,790 units. b. 4,190 units. Show less Flexible budget Flexible budget (a.) Master Budget 4.000 60,000 Units 16,000 8,000 24,000 36,000 $ $ Sales Variable costs Manufacturing Selling and administrative Total variable costs Contribution margin Fixed costs Manufacturing Selling and administrative Total fixed costs Operating income 13,300 9.400 22,700 13,300 $ $