The following information is avallable for Brownstone Products Company for the month of July: Required: 1. What was the master budget varlance for July? Was this variance favorable or unfavorable? 2. Compute the July sales volume varlance and the flexible-budget varlance for the month, both in terms of contribution margin and 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. 3,750 units. b. 4,150 units. Complete this question by entering your answers in the tabs below. What was the master budget variance for July? Was this variance favorable or unfavorable? (Ind cate the effect of each veriance by seiecting "F" for Fovorable, "U" for Unfovorabie, and "None" for no effect (l.e., zero variance), ) The following information is avaliable for Brownstone Products Company for the month of July: Requlred: 1. What was the master budget varlance for July? Was this variance favorable or unfavorable? 2. Compute the July saies volume varlance and the flexble budget varlance 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 flexlble budget for cach of the foliowing two output levels: 8. 3,750 units. b. 4,150 units. Complete this question by entering your answers in the tabs below. Compute the July saies volume variance and the flexble-budget variance for the month, both in terms of contribution margin and in terms of operating income. (Indicate the elfect of each variance by selecting "F" for Favorable, "U" Unfavorabie, and "None" for no effect (lie, zero variance),)