IMPORTANT: Show calculations for support.

Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. 1.25 points Budgeted Actual Sales $ $1,320,000 Skipped 850 per unit 340 per Variable expenses $ unit $141,500 1,310 Fixed expenses (total) Units produced and sold $ 524,000 $ 133,000 1,510 eBook Print List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) References LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Fav./Unf