Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results.

	budget	actual
sales	850 per unit	1,320,000
variable expenses	340 per unit	524,000
fixed expenses	141,500	133,000
units produced and sold	1310	1510

List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance)