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help me please 1 Lewis Company reports the following fixed budget and actual results for May. Prepare a flexible budget performance report showing variances between
help me please
1 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.) nts: eBook Print References Sales (units produced and sold) Sales (in dollars) Variable costs Fixed costs For Month Ended May 31 Fixed Budget 1,300 $ 800 per unit $ 320 per unit $ 140,000 LEWIS COMPANY Flexible Budget Performance Report Flexible Budget Actual Results Variances (1,500 units) (1,500 units) Actual Results 1,500 $ 1,245,000 $ 492,000 $ 132,000 Favorable/Unfavorable Step by Step Solution
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