The results for July for Brahms & Sons follow: Actual Quantities, Budgeted Quantities, Prices, & Costs Prices, & Costs Units 58,800 56,000 Selling Price per liter $9.00 $8.57 DM Cost per unit $0.92 $0.86 DL Cost per unit $1.06 $1.14 Variable Mnfg per unit $1.25 $1.18 Variable Marketing per unit $0.42 $0.39 Variable Administrative per unit $0.28 $0.33 Fixed Mnfg Overhead $102,400 $100,000 Fixed Marketing $25,800 $20,000 Fixed Administrative $78,200 $80,000 Prepare an Activity Variance Analysis by generating the Master Budget and the Flexible Budget. For both budgets, calculate the Activity Variances. Question 1: For the Master Budget, enter Contribution Margin. Question 2: For the Master Budget, enter Operating Profit. Question 3: For the Flexible Budget, enter Contribution Margin. Enter Favorable Variance as Positive Number, Unfavorable Variance as Negative Number. Question 5: Enter the Activity Variance for Revenue. Question 6: Enter the Activity Variance for Direct Materials Question 7: Enter the Activity Variance for Direct Labor. Question 8: Enter the Activity Variance for Variable Mnfg. Overhead. Question 9: Enter the Activity Variance for Variable Marketing Costs. Question 10: Enter the Activity Variance for Variable Administrative Costs. Question 11: Enter the Activity Variance for Fixed Mnfg. Overhead. Question 12: Enter the Activity Variance for Fixed Marketing Costs. Question 13: Enter the Activity Variance for Fixed Administrative Costs.