$3$

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.

$0\mathrm{.}5$

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

points

$\backslash$table$[[,$Fixed Budgeted,Actual Results$],[$Sales $($units produced and sold$),1,200,1,400],[$Sales $($in dollars$),$$$300$ per unit,$$435,000],[$Variable costs,$$120$ per unit,$$172,000],[$Fixed costs,$$125,000,$$$122,000]]$

$\backslash$table$[[$LEWIS COMPANY$],[$Flexible Budget Performance Report$],[$For Month Ended May $31,$Flexible Budget $(1,400$ units$),$Actual Results $(1,400$ units$),$Variances,Favorable or Unfavorable$],[?,,,,],[?,,,,],[?,,,,],[?,,,,],[?,?,,,]]$