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

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

Note: Indlcate 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$),1,350,1,550],[$Variable costs,$$1,050$ per unit,$$1,678,000$