Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results, Actual $1,603,699 620.ee $ 136,000 Budgeted $ 1,000 per unit $ 400 per wit $106.000 1,30 Variable expenses Fixed expenses (total) Units produced and sold List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) LEWIS CO. Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Fav. Unt