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

	Budgeted						Actual
Sales		$	850	per unit			$	1,320,000
Variable expenses		$	340	per unit			$	524,000
Fixed expenses (total)		$	141,500				$	133,000
Units produced and sold			1,310					1,510

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