(Solved): Required: 1. What was the master budget variance for July? Was this variance favorable or unfavorab ...

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-budgot variance for the month, both in terms of contribution margin and in erms of operating income. 7. Prepare pro-forma budgets for activities within its relevant range of operations. Prepare a flexible budget for each of the following wo output levels: 3,750 units. 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? (Indicate the effect of each variance by selecting "F" for Favorable, "U" for Unfavorable, and "None" for no effect (i.e., zero variance).) 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. 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 (t.e., zero variance).) 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.