Lewis Co. reports the following results for May, Prepare a flexible budget report showing variances between budgeted and actual results. Dints Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 1,050 per unit $ 420 per unit $147,500 1,350 Actual $1,678,000 $ 652,000 $ 137,000 1,550 eBook References 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/Unf. lomework a Saved Help Save & Exit Submit Check my work Exercise 21-4 Preparing a flexible budget performance report LO P1 Xion Co. budgets a selling price of $87 per unit, variable costs of $33 per unit, and total fixed costs of $287,000. During June, the company produced and sold 12,500 units and incurred actual variable costs of $368,000 and actual fixed costs of $302.000. Actual sales for June were $1,140,000 Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) XION CO. Flexible Budget Report For Month Ended June 30 Flexible Budget Actual Results Variances Fav./Unf