The folowirg information is avallable for Brewnstone Products Company for the month of July: Fecuired: 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 vartance for the month, both in terms of contribution margin and ln terms of operating income. 4. Prepare pro-forma budgets for acthities within its relevant range of operations. Prepare a flexible budget for each of the following wo output leveis: 3.770 units. 4,170 units. The folowirg information is avallable for Brewnstone Products Company for the month of July: Fecuired: 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 vartance for the month, both in terms of contribution margin and ln terms of operating income. 4. Prepare pro-forma budgets for acthities within its relevant range of operations. Prepare a flexible budget for each of the following wo output leveis: 3.770 units. 4,170 units