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

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6 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.) 0.84 points Skipped Sales (units produced and sold) Sales (in dollars) Variable costs Fixed costs Fixed Budget 1,400 $ 1,300 per unit $ 520 per unit $ 155,000 Actual Results 1,600 $ 2, 126,000 $ 863,000 $ 142,000 eBook LEWIS COMPANY Flexible Budget Performance Report Flexible Budget Actual Results Variances (1,600 units) (1,600 units) For Month Ended May 31 Favorable/Unfavorable Print References

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