$2$

Exercise $23-6($Algo$)$ Preparing flexible budget performance report LO P$1$

$20$ points

$04-10-59$

References

Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible budget performance report showing variances between budgeted and actual results.

Note: Indicate the effect of the varlance by selecting favorable, unfavorable, or no varlance.

$\backslash$table$[[$Sales $($units produced and sold$),$Fixed Budget,Actual Results$],[$Sales $($in dollars$),1,260,1,460],[$Variable costs,$$600$ per unit,$$890,000$