Units: The following information is available for Brownstone Products Company for the month of July Master Budget 4,000 Actual 3,800 $ 53,200 $ 60,000 19,000 16,000 16,000 15,000 7,700 10,000 8,000 9,000 Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses i Required: 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 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. 3,750 units. b. 4,150 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Required 1 We master budget variance for July? Was this variance favorable or unfavorable? (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorable, and "None" for no effect (i.e., zero variance).) Master budget variance The following information is available for Brownstone Products Company for the month of July: Units Actual 3,800 Master Budget 4,000 Sales revenue $ 53,200 $ 60,000 Variable manufacturing costs 19,000 16,000 Fixed manufacturing costs 16,000 15,000 Variable selling and administrative expenses Fixed selling and administrative expenses 7,700 8,000 10,000 9,000 Required: 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 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. 3,750 units. b. 4,150 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 "F" for Favorable, "U" Unfavorable, and "None" for no effect (ie, zero variance).) Flexible-Budget Variance Sales Volume Variance. Contribution margin Operating income Required 1 Required 4 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. 3,750 units. b. 4,150 units. Units Flexible budget Flexible budget Master Budget (a.) (b.) 4,000 $ 60,000 Sales Variable costs: Manufacturing 16,000 Selling and administrative 8,000 Total variable costs $ 0 $ 0 $ 24,000 Contribution margin $ 0 $ 0 $ 36,000 Fixed costs: Manufacturing Selling and administrative Total fixed costs Operating income + 15,000 9,000 $ 0 $ 0 $ 24,000 $ 0 $ 0 $ 12,000 < Required 2 Required 4 > Show less A