The following information is available for Brownstone Products Company for the month of July Units Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Master Actual budget 3,00 $58,500 560,000 19,100 16.000 14,700 13,700 3.500 3,000 9.900 100 Required: 1. 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 (0)? 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 3.3.830 units b. 4.230 units Required: 1. 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 (0)2 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. Prepare pro forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following two output levels 3.2.830 units b.4.230 units Complete this question by entering your answers in the tabs below. Required Required 2 Requited 4 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) or unfavorable (U) (Tradicate the effect of each variance by selecting "F" for favorable for unfavorable, and "None" for no effect to variance).) Total operating con Required 2 > Required: 1. 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)? 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. 3.830 units. b.4.230 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 for favorable. "U" for unfavorable and "None" for no effect (ezero variance)) Flexible-Budget Variance Sales Volume Variance Contribution margin Operating income 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 flexible budget for each of the following two output levels: a. 3,830 units. b. 4,230 units Show less Flexible budget (a.) Flexible budget (b) Units Master Budget 4.000 $ 50 000 16.000 8000 Sales Vanable costs Manufacturing Selling and administrative Total variable costs Contribution margin Fixed costs Manufacturing Seling and administrative Total fixed costs Operating income $ S 24.000 36 000 13.700 9.800 23.500 12 500 S S
