3 2 points 02:29:44 Skipped 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. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Sales (units produced and sold) Sales (in dollars) Variable costs Fixed costs Fixed Budget 1,350 $ 1,050 per unit $ 420 per unit $ 147,500 LEWIS COMPANY Actual Results 1,550 $1,678,000 $ 652,000 $137,000 Flexible Budget Performance Report eBook For Month Ended May 31 Flexible Budget Actual Results (1,550 units) (1,550 units) References Sales Variable costs Contribution margin Fixed costs Income Variances Favorable/Unfavorable