The results for July for Brahms \& Sons follow: 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. Question 4: For the Flexible Budget, enter Operating Profit. 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 7 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